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Updated over 4 years ago on . Most recent reply

Tara Baldauf's profile image
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Tara Baldauf
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Tara Baldauf
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Buying & Selling Real Estate

Taxes on profit from a live in flip

Tara Baldauf
Posted

I bought a house to flip that I am using as my primary residence. I will have the renovations complete after 6 months of ownership and want to sell right away. This is my second flip (the first house I owned for 3 years). I am looking for a CPA in the harford county area, MD who is investor friendly. 

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Cara Powers's profile image
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Cara Powers
  • Accountant
  • from Albuquerque, NM
  • Member since Jun 25, 2019
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Cara Powers's profile image
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Cara Powers
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  • from Albuquerque, NM
  • Member since Jun 25, 2019
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Cara Powers
  • Accountant
  • Albuquerque, NM
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Cara Powers
  • Accountant
  • Albuquerque, NM
Replied

@Tara Baldauf

Congratulations on getting a live-in flip done in 6 months. That shows dedication. That said, I second what @Bill Hampton said, getting a real estate specialist who will be responsive all year is better than getting someone local. 

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