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Updated over 4 years ago,

Tom Price's profile image
Tom Price's profile image
Tom Price
  • New to Real Estate
  • from New Jersey
  • Member since Oct 31, 2019
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10
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Tom Price's profile image
Tom Price's profile image
Tom Price
  • New to Real Estate
  • from New Jersey
  • Member since Oct 31, 2019
Connect
Tom Price
  • New to Real Estate
  • New Jersey
0
Votes |
10
Posts
Tax, SDIRAs & Cost Segregation

Tax Deductions for Flips

Tom Price
  • New to Real Estate
  • New Jersey
Posted

Very basic question that I’m sure is answered here a million times.

On a flip, as far as writing off business expenses go for tax purposes, are you able to write off the purchase price, interest, closing costs, rehab material costs?

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