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Updated about 9 years ago,

Chris Clanton's profile image
Chris Clanton's profile image
Chris Clanton
  • from Pensacola, Florida
  • Member since Oct 13, 2015
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Chris Clanton's profile image
Chris Clanton's profile image
Chris Clanton
  • from Pensacola, Florida
  • Member since Oct 13, 2015
Connect
Chris Clanton
  • Pensacola, FL
0
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6
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Buying & Selling Real Estate

Wife is an Agent I am General Contractors income tax implication?

Chris Clanton
  • Pensacola, FL
Posted

Hello all, I am just starting out in the rehab market. After reading through page after page of IRS documents I still feel that I am missing something. If we purchase a house cash and I rehab using my Contractors license are we on the hook for capital gains tax or straight income tax?
Thanks to anyone who can clarify.

Chris Clanton

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