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Updated almost 7 years ago on . Most recent reply

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35
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Joe Wortham
  • Real Estate Agent
  • Gilroy, CA
3
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35
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How to avoid capital gains

Joe Wortham
  • Real Estate Agent
  • Gilroy, CA
Posted
Thinking of buying land and building a sfh and selling immediately after. How do developers avoid Capital gains taxes? WhAt is the best way to go about this to sell the home for a profit? Thanks!

Most Popular Reply

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,097
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42,806
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

short answer you don't. and its ordinary income.. as its inventory.  it goes to intent.. if your intent is to flip your going to pay highest rates..

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JLH Capital Partners

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