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New State Tax Implications
Wife and I live in TN now. We are considering a house in KY, although she would continue to work in TN after the move to KY.
Her TN income is roughly $50,000 gross. TN rental income from single family rentals is about $50,000 that I manage. TN rental with depreciation roughly nets $33,000. What would the tax implications be in the state of KY for us? We really like a house there, but the tax implications...? Thanks for any help. |
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