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Updated almost 2 years ago,
Flip tax question
So when you flip a house and make profit from it, you basically getting tax alot, like around 40 percent, is that correct? How are all these people flippers making money , i assume that there ARV is really good then to make good profit, but i original thought once you flip a house you could just put the profit you made from that into buying another property and not get taxed, but thats not right? You will always get tax, right?