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Updated about 9 years ago on . Most recent reply presented by

Dan Simpson's profile image
Dan Simpson's profile image
Dan Simpson
  • from Springfield, Missouri
  • Member since Jun 30, 2015
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Dan Simpson's profile image
Dan Simpson's profile image
Dan Simpson
  • from Springfield, Missouri
  • Member since Jun 30, 2015
Connect
Dan Simpson
  • Springfield, MO
2
Votes |
33
Posts
Tax, SDIRAs & Cost Segregation

Tax question

Dan Simpson
  • Springfield, MO
Posted

I'm new to the real estate game, about to flip my first two properties and expect to clear around 50k combined on them. Is it a good idea from a tax standpoint to use the profits to put down towards a new personal home?

What other ways are there to minimize the capital gains tax? I have an LLC that I use to take title of the properties.

Sorry if my questions are too vague, but thanks in advance for your help

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