Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated over 2 years ago,
Colorado tax on Flip through LLC
Weird question that will probably require a CPA but wanted to see what people had to say first. Through an LLC a partner and myself flipped a condo in Colorado this year. He lives in Colorado, but I do not. Since I'm an out of state investor what colorado state taxes should I be on the hook for? I'm aware of a 2% tax on the sale price for out of state investors... does that apply here, if so do I pay 2% on the whole sale price still or just 50% of it?