Ways to minimize capital gains tax after flip

[David Anderson]

We have a LLC that just closed on a flip where we made short term capital gains on. We decided not to do a 1031 exchange, but are looking for ways to minimize the taxed amount. Under this LLC we also have rental properties that we still own. We have tracked all of the expenses for this flip which includes all transportation costs, labor, and supplies. Does anyone have any suggestions to minimize the taxed amount?