Will I have to pay income taxes on out of state rental property? (Oregon City: to buy)

[PNW dreaming]

My wife and I are planning to move to either Oregon or Washington next year and I'm wondering if we move to Oregon, will I have to pay income taxes on rental property I own in Texas? What if I sell something in Texas and use the money to buy a rental property in Oregon? I assume I would have to pay income taxes for the Oregon rental property, but would I then be taxed on the Texas property as well if it's part of my same business? I'm certainly not getting rich on my rental properties in Texas and paying income taxes would make it more of a struggle.

[Nell Plotts]

The Oregon tax forms are on the internet. Download the instructions and forms and look. Alternatively pay an Oregon tax preparer to give you an answer. There is a gal in Oregon City that my brother has used for years who evidently is competent, another within a block of me who I wouldn't trust with $0.05.

[BruceM]

Are you a full time OR resident?
Then all your income except for a pension plan from another state is taxable.
There are different rules for part time residents.

I have out of state rental property also.
I pay the property taxes to the state the property is located in but any income from the properties is considered part of my OR income.

[BruceM]

To the other part of your question dealing with selling one rental property and purchasing another rental or commercial property it is usually most advantageous to do a 1031 like kind exchange. That way you will defer your capital gains.
These are very tricky (I have done a couple) and you will need to hire the services of a "safe harbor facilitator", someone who can handle the details of the exchange for you.