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Updated over 6 years ago,
Build and sell do you have to pay social security tax?
This is my first project. If I build a house, pre-sell it when almost done, then actually sell it when done, do I have to pay social security taxes on the profit? I know as a short term gain I would have to pay income tax, which is fine, but I am worried I would have to pay social security taxes as well? I am already employed full-time and paying SS tax on that income too.
Thanks!