Posted by Al on January 09, 2004 at 14:14:13:
I am a NJ resident looking to invest condos in college campuses as rentals both in NJ and out of state. My initial thought is to form an LLC. Question is are there limitations on what I can deduct on out of state properties compared to in state? For instance, under the LLC I can deduct a vehicle but is it still deductable even though the property is out of state? Thanks.