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Updated almost 7 years ago on . Most recent reply
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How to avoid capital gains
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!
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Jay Hinrichs
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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..
- Jay Hinrichs
- Podcast Guest on Show #222
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