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Updated over 11 years ago,

User Stats

158
Posts
45
Votes
Tamara R.
  • Investor
  • Vienna, VA
45
Votes |
158
Posts

Flipping and taxes

Tamara R.
  • Investor
  • Vienna, VA
Posted

I often hear that you need to pay social security taxes on your profits from flipping. What if you already pay the max social security tax on your income from your regular job? Would the flip profits still be subject to additional tax? Thanks for answering.

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