I own a rental property in state with no income tax. Do I still need to declare it?
Federal Tax Return
There is no minimum income threshold for American rental properties to be reported on a Federal tax return. Therefore, please complete the Rentals sub-tab of the Passive Income tab of the Tax Questionnaire.
State Tax Return
In states with income tax:
A personal state tax return (resident or nonresident) is also required. Filing requirements depend on the particular state.
In states with no income tax:
If you own a rental home in a tax-free state outright you don't need to file a personal state tax return.
If the property is owned by single member LLC, some states (i.e. TX) require a franchise tax return.
Franchise tax returns may also be required by states that levy personal income tax (i.e. MD) in addition to a personal state tax return.