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Updated almost 6 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Lauro Torres
  • Flipper/Rehabber
  • Denver, CO
1
Votes |
10
Posts

Fix and Flip Tax Question

Lauro Torres
  • Flipper/Rehabber
  • Denver, CO
Posted

Hey guys I fixed and flipped a house and made a profit. Are there any documents I should be gathering from the closing company and filing on my tax return? Or do I just report the amount of profit?

Most Popular Reply

User Stats

3,042
Posts
1,770
Votes
Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
1,770
Votes |
3,042
Posts
Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
Replied

@Lauro Torres Use the magic of your CPA. Worth their weight in gold...don't go it alone if you plan on having any resemblance of a real estate business. 

  • Brandon Sturgill
  • 614-379-2017
business profile image
Realize Property Management Group
3.8 stars
13 Reviews

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