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Updated over 7 years ago on . Most recent reply

User Stats

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

Need new 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!

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