Saltlife4menu wrote:
So we're all getting ready to go full timing in the spring trying to figure out the best way obviously to save the taxes on the purchase and save on income taxes going forward. So I think we whittled down our choice of state for residency as Florida but we are considering the Montana LLC to make the purchase. I have been reading a lot on here and other places about the ups and downs of the Montana LLC. I am trying to find any specific knowledge of anybody who is a Florida resident with a Montana Llc and how Florida handles that. And if anyone knows if Florida might be one of those states that would crack down on that. Is there anybody on here who has Florida as their state of domicile and has their RV in a Montana Llc. Our current state is Virginia and we are going to be selling our property here but we will still own several rental properties. I don't think that that would be an issue because I believe you can still own property in the state if its not your rresidence and be a resident of another state? Also on the Florida domicile as far as the DMV and taxes registering an RV do you get charged annual property taxes on your RV there? Or any other annual taxes or fees associated with the rv if we decided to register in Florida rather than the llc. in Virginia there is a hefty annual property tax bill. Would appreciate any help and I'm sorry if I am duplicating many previous questions. Thank you so much for your help
The best State going nowadays is Oregon. There's zilch sales tax on your motorhome when registering it for the first time after purchase. Montana had a flat fee of $450.00 - regardless what your coach cost when I bought my last rig - but that was many years ago. Many Prevost coaches are registered in Oregon. I see them in the deep South and Texas a lot, so that is the State I'd advise. The key is to avoid the initial sales tax hit upon purchase, then go back to Florida for license plates the second year. That's why it's better to just register it in a State most advantageous to your needs. As long as you have an address in that particular State to claim as an address to send the finished title to - you're good to go. An LLC is costly to maintain year after year, is why it makes no sense unless you're needing to limit your liability because of your assets, or, your business.
