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Help Avoid Capital Gains Tax
Hello everyone I am hoping for a little help here. ( and yes I am looking for a CPA at the moment )
so I am a buy and hold invester in Pueblo Co. i have done the BRRRR system a lot if times and it was and still is my long team goal. with that said 2 houses fell into my lap that would make the best Flips. to good to walk away from, I do not want to rent them out but I also don't want to pay such high capital gains in them. bc I am a buy and hold invester I thought I could do a 1031 and just found out I can not do that with flipped properties. any help would be great. Thank you.
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Wayne Brooks
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Flips are not cap gains either, ordinary income plus.