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Will I need to file state or local taxes?


States can continue to assess income tax on your worldwide income if they determine you are still a resident. Also, select states will require a tax or fees paid for certain businesses established within the state or if properties are held in an LLC or similar structure. It is best to speak with a tax advisor before buying a property to ensure you fully understand all the state tax requirements if you plan to move abroad or live abroad currently.

Read more on your state’s income tax requirements on their official government website – click here to view the state government site list.