Tax Questions

[Lucas Gunderson]

I've got some tax questions for all of you pros out there. When flipping homes, what is the best way to structure your company so that your tax liability is decreased? I've talked with several people and they have stated that capital gains tax can run anywhere between 20 and 40%.

Are people factoring this into their potential profit? I study these LTV ratios and look at repair costs, realtor costs, closing costs, and carrying costs. I rarely see anything on the tax end. Can someone please explain so that I can be prepared and somehow factor this in to get the most profit at the end of the year? The government never seems to give money away so I don't want to either.

Thanks to all...this web forum is the best!