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Updated almost 8 years ago on . Most recent reply

User Stats

99
Posts
33
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Jason Eberhardt
  • Investor
  • Pueblo, CO
33
Votes |
99
Posts

Help Avoid Capital Gains Tax

Jason Eberhardt
  • Investor
  • Pueblo, CO
Posted

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.

Most Popular Reply

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23,418
Posts
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Flips are not cap gains either, ordinary income plus.

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