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Updated about 8 years ago,
taxes - flip corp selling prop to owners
We have a small rehab and flip company. We are taxed at personal income levels on every flip. So buy for 50k, put in 25k, sell for 100k. Taxed at 40% on that 25k. Putting us all on the same page.
Could we sell that property for 75k and avoid the tax?
Could we sell it to the owners of the company?
If we cant, could we sell it to someone else, and then have them sell it back to us for the same price after a period of time?
So. Much. Tax. In. My. Life.