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Updated about 12 years ago,

Mike Nelson's profile image
Mike Nelson's profile image
Mike Nelson
  • Investor
  • from Miami, Florida
  • Member since Aug 21, 2012
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User Stats

136
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5
Votes
Mike Nelson's profile image
Mike Nelson's profile image
Mike Nelson
  • Investor
  • from Miami, Florida
  • Member since Aug 21, 2012
Connect
Mike Nelson
  • Investor
  • Miami, FL
5
Votes |
136
Posts
Tax, SDIRAs & Cost Segregation

IRS Dealer status question

Mike Nelson
  • Investor
  • Miami, FL
Posted

I have a friend who was recently laid off and was looking to buy an REO in an OK neighborhood. If he buys it, fixes it up and decides he doesnt like the neighborhood in say 3 months time, and decides to sell, can the IRS flag him as a dealer? I only find the word "intent" when I research this.

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