What to do with gains from rehab/flip

[Tyler Burlison]

Hi everyone,

From what I understand about short-term real estate gains, a way to avoid them is to buy another and do a 1031. Are there other ways to shelter the gains from tax? The amount will be between $30-40k in gains. Would it be possible to open a self-directed IRA for funding deals in the future and not have to pay taxes if I put it in an IRA, assuming I could put the entire amount in it? Just wondering if there are any other options besides having to buy another property.