Income from a real estate in other state
I am a resident of California (live/work/pay taxes here), and I'm going to buy a residential property in Connecticut and let my parents live there.
My plan is to form a Connecticut LLC, which will own the property and rent it out to my parents for a nominal fee (basically, to cover property tax and show a small net profit, say, $1000 a year - I don't want to show losses, unless somebody tells me it's not a red flag - I am happy not being audited ever).
So, my questions are about how will my tax filing season change:
1. LLC by default passes taxes though to the owner. Is there any reason to opt to be taxed as C corp?
2. If taxes pass through, I'll need to file a non-resident state income tax report in CT, correct?
3. Will my California income be taxed or ever mentioned in CT declaration?
4. What should I tell California about my LLC/income in CT?
5. Will TurboTax be able to handle that?
Thanks.