Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago, 05/09/2019

User Stats

3
Posts
0
Votes
Agnes Fox
  • Rental Property Investor
  • Philadelphia
0
Votes |
3
Posts

DOuble Taxation in PA?

Agnes Fox
  • Rental Property Investor
  • Philadelphia
Posted

Hello everyone,

I am a wholesaler in PA. Just spoke to a title company and the attorney there told me that in PA I am a subject to paying taxes twice. First transfer tax between me and the seller, then the second time between me and a buyer. Even if I am just assigning a contract. He said that the only way to avoid it would be for me to cancel an assignment contract, and create a new contract between the seller and a buyer. When I asked how in this case I get paid he said "I don't know. If you get paid a referral fee then you are a subject to practicing without RE license penalties, even jail time..." Seriously??? So what does it mean??? I can't do assignments in PA? 

Loading replies...