What is the name of your state? Texas/Arkansas
I live and work in Texas (no state income tax) and am considering renting out property I
own in Arkansas (up to 7% state income tax). If I do this, what portion of my income
(regular working income vs. Arkansas property rental income) would I be required to pay
state income taxes on in Arkansas?
If it is both my regular income and my property rental income - I suppose it could be
better to just let the property sit idle. If it is just the rental income, then it seems like
a good idea.
Thoughts?
Thank you.What is the name of your state?
I live and work in Texas (no state income tax) and am considering renting out property I
own in Arkansas (up to 7% state income tax). If I do this, what portion of my income
(regular working income vs. Arkansas property rental income) would I be required to pay
state income taxes on in Arkansas?
If it is both my regular income and my property rental income - I suppose it could be
better to just let the property sit idle. If it is just the rental income, then it seems like
a good idea.
Thoughts?
Thank you.What is the name of your state?