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Updated over 12 years ago,

User Stats

107
Posts
13
Votes
Asher Anthes
  • Charlotte, NC
13
Votes |
107
Posts

Any way around the 1 year rule?

Asher Anthes
  • Charlotte, NC
Posted

So, I was excited about doing a 1031 for my first flip, but then I read that you have to own the first property for at least a year. Is there any loophole out of this? I want to flip my first house relatively quickly. Are there any other tax laws I can take advantage of to minimize my capital gains tax on a quick flip?

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