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Updated over 12 years ago on . Most recent reply

User Stats

17
Posts
1
Votes
Jeffrey Mathurin
  • Realtor
  • Fort Lauderdale, FL
1
Votes |
17
Posts

Do i have to pay taxes?

Jeffrey Mathurin
  • Realtor
  • Fort Lauderdale, FL
Posted

As a wholesale real estate investor, do i report or pay taxes on the assignment fees? I've watched alot of videos on youtube from investors and they never discuss that part. I am new to this business and i want to be aware of things like that. Any answer would be greatly appreciated.

Most Popular Reply

Account Closed
  • Landlord
  • Seattle, WA
1,839
Votes |
3,412
Posts
Account Closed
  • Landlord
  • Seattle, WA
Replied

Wholesaling RE is a business and subject to income tax.

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