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Updated over 8 years ago,
Looking to make a business out of rehabbing.
All,
I know the typical way to minimize your exposure to capital gains and employment tax is to hold the property over a year. Does anyone have any suggestions on how to minimize that exposure when doing short term rehabs? In SoCal. Also anyone have a really good CPA or tax person that is really good in knowing all the rules and exceptions in the real estate business? Thank you, Cris