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Updated about 10 years ago on . Most recent reply
![Cameron Ellis's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/174142/1621421632-avatar-cmellis16.jpg?twic=v1/output=image/cover=128x128&v=2)
Is a wholesaler a real estate dealer?
I've been looking online getting ready for tax season, and I'm having trouble identifying if I will be taxed under a real estate dealer. I've wholesaled 30+ transactions this year using assignment contract, wholesale-flipped 4-5(brought and resold as-is) and have 3 under holding currently that I will rent out, one that may be owner financed. will the IRS identify me as a real estate dealer?
I deed everything under my personal name, and a partner. I've done a couple deals within a property trust.
I see the taxes would be a lot higher under a real estate dealing my reason for asking.
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![Dave Toelkes's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/24557/1694664613-avatar-davet.jpg?twic=v1/output=image/cover=128x128&v=2)
I think Curt is confusing Real Estate Professional status with a dealer to real estate. Yes, in your situation, you will be deemed a dealer to real estate. All profits and assignment fees are taxed as ordinary business income and subject to self-employment income taxes.