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Updated about 7 years ago,

Laith Ali's profile image
Laith Ali's profile image
Laith Ali
  • from Hazelwood, Missouri
  • Member since Dec 14, 2017
Connect

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40
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21
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Laith Ali's profile image
Laith Ali's profile image
Laith Ali
  • from Hazelwood, Missouri
  • Member since Dec 14, 2017
Connect
Laith Ali
  • Hazelwood, MO
21
Votes |
40
Posts
Rehabbing & House Flipping

What is your tax rate when flipping houses

Laith Ali
  • Hazelwood, MO
Posted

Hi Everyone, I'm about to obtain a house and flip it. I was wondering what you're tax rate is when you flip houses. From what I read, I could be paying 40-50% in taxes. Do you guys have any strategies you use to save on taxes. Also is the IRS going to look at your taxes with more closely since there is a lot of money coming and going. 

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