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Updated almost 9 years ago on .
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1031 Exchange. buying multiple house with proceeds from flip?
in order to waive capital gain tax, i have to using the proceeds from selling my flip house within 180 days to buy another property.
my question is, can I buy 2 or 3, whose total sum exceeds the proceed of the flipped house , in order to get away from capital gain tax?
Most Popular Reply

The profit on a flip property is ordinary self-employment income, not capital gains.