How to Structure Flip Profits, Minimize 2019 Taxes

[Josh Garner]

I'm looking to sell a flip in spring 2019..... I'll have about 150k of my own cash into it and I hope to sell for around 200k. I'd like to not have all that extra income on my personal taxes for 2019, but I'd also like to pull out my original investment (150k) from the deal, once the rehab is complete. Does anyone have thoughts or strategies on this?

Goal = not have to report the anticipated 50k profit on my personal tax return for 2019

Currently, the property is held in my name and purchased with all cash (no debt on property)

Bought the property in Oct 2018, and hope to sell or cash out in March/April 2019

65k purchase + 85k rehab = 150k total......ARV around 200k

I live in Oregon, and the property is in Tennessee.

Thanks for your thoughts!