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Updated almost 3 years ago on . Most recent reply

Andy Sabisch's profile image
Andy Sabisch's profile image
Andy Sabisch
Pro Member
  • Investor
  • from Wilkes-Barre, PA
  • Member since Apr 22, 2021
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Andy Sabisch's profile image
Andy Sabisch's profile image
Andy Sabisch
Pro Member
  • Investor
  • from Wilkes-Barre, PA
  • Member since Apr 22, 2021
Connect
Andy Sabisch
Pro Member
  • Investor
  • Wilkes-Barre, PA
398
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475
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Tax, SDIRAs & Cost Segregation

Question on a Fix-&-Flip bought in 2021 and selling in 2022

Andy Sabisch
Pro Member
  • Investor
  • Wilkes-Barre, PA
Posted

Quick question . . . . we picked up a fix-&-flip in late 2021 and am putting it on the market this coming weekend.  How do we handle the money invested in 2021 (purchase, eviction cost,  renovations through 12/31, etc.) on our 2021 taxes?  Do we simply hold everything until we file in 2022? 

Thanks in advance

  • Andy Sabisch
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