Tips on Dodging Uncle Sam

[Tyler Frost]

I just recently bought my first flip house. All in after closing cost I'm at $75,000. I'll have $20,000 in rehab and the ARV is about $130,000. Based on expressed interest I don't think I'll have any problems getting 130. After closing costs, realtor fees and staging I'm estimating my profit to be 25-30k. My question is how much am I looking at paying in taxes on my first flip and what are some tips to get that tax bill lower? Alabama resident of that is relevant to anyone. Thanks in advance.