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Updated about 9 years ago on . Most recent reply

User Stats

28
Posts
4
Votes
Kevin Gerace
  • Investor
  • Wallingford, CT
4
Votes |
28
Posts

carrying a house over into 2016

Kevin Gerace
  • Investor
  • Wallingford, CT
Posted

So I flipped my first house this year. (Yay) 

But it hasn't sold yet.(boo)

So that means I'll be carrying it into next year. What is the process, or form, for doing this with my taxes.

Here's my issue, I own my own electrical business and some of the money I used on my flip was allocated for my 4th quarter taxes. So at this point I won't be able to pay all I owe. Kind of stressing out over here.... Any help or advice would be great.

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