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Updated over 6 years ago on . Most recent reply

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5
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Tim ODonald
1
Votes |
5
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Capital gains. Suggestions ?

Tim ODonald
Posted

my question is simple. When flipping houses, what is the thought process on capital gains taxes? A way around? Or just except you are looking up to 35% and move on?

Thanks for any thoughts on this.

Tim

Most Popular Reply

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707
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560
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Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
560
Votes |
707
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Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
Replied

I'm not a tax guy, but my understanding is the flipping is active income and not passive so it's not capital gains, it gets taxed as normal income.

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