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Updated over 12 years ago,

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717
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50
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Greg P.
  • Los Angeles, CA
50
Votes |
717
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Question for Flippers - Taxes

Greg P.
  • Los Angeles, CA
Posted

Hello, I am wondering how many of you save on taxes. I met with a accountant and he is saying over 250k a year is at a income bracket of around 33% plus there is state tax and social security, etc. Sound like a lot and could be up to 40% or so when everything is said and done. Is there any strategies or methods of saving on taxes when flipping and does buying rentals or commercial property help offset this type of quick flipping income?

Thank you.

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