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Updated over 6 years ago,
Tax strategies for house flippers
Let's say you made a couple hundred thousand in net taxable income from house flipping and you're holding some of that cash through the end of the year until you find another property, so 1031 is off the table. Other than expensing tools, and using sec 179 for larger equipment, are there any other strategies commonly used to defer taxes? Of course we will run it by our accountant. Thanks!