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Updated about 6 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Laura Olds
  • Flipper
  • Springfield, OR
0
Votes |
5
Posts

Need tax shelter ideas

Laura Olds
  • Flipper
  • Springfield, OR
Posted
So we did our first (non owner occupied) flip this year, paid cash, and had an offer 5 days after recording. (And here I am complaining--right!!) Needless to say, it went way way faster than I had penciled out and now my 2017 tax forecast is out of control. (Darn it, made too much money for the calendar year.) I need creative ways to shelter about 150k. I need to be able to access the liquid funds in the immediate future to keep flipping. Write-offs for lower tax brackets are good...but I need more ideas! I'll keep looking here, but hoping some new strategy might be out there Thx!

Most Popular Reply

User Stats

21
Posts
3
Votes
Jesse Palmer
  • Georgetown, KY
3
Votes |
21
Posts
Jesse Palmer
  • Georgetown, KY
Replied

Hi Laura, I know this is an older post, but curious as to if you had any luck?  I'm searching for ideas as well as we may be in a very similar situation with that type of "good problem!"  Sounds like you all did it right!

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