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Updated almost 7 years ago,
Capital Gains on Flip in TX
Just a quick question. What's the time frame to not pay High Cap Gains Tax when selling. I'm working on a potential flip property. 2/2.5/2 Townhouse. ARV Of $110-115 I should get it for $55K. And put about $7500 to Repair. I don't really want to rent it, But can if needed.
Thank You, Jay