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Updated about 4 years ago on . Most recent reply

Chris Iley's profile image
Chris Iley's profile image
Chris Iley
  • Flipper/Rehabber
  • from Walled Lake, MI
  • Member since Apr 21, 2020
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18
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4
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Chris Iley's profile image
Chris Iley's profile image
Chris Iley
  • Flipper/Rehabber
  • from Walled Lake, MI
  • Member since Apr 21, 2020
Connect
Chris Iley
  • Flipper/Rehabber
  • Walled Lake, MI
4
Votes |
18
Posts
Tax, SDIRAs & Cost Segregation

Accepted offer Dec 2020, close Jan 2021, claim income for 2020?

Chris Iley
  • Flipper/Rehabber
  • Walled Lake, MI
Posted

Just finished my first official flip and I accepted an offer on the house in December 2020. We won’t officially close until January of 2021. Is there any way I can claim the income on my 2020 taxes?

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