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Updated over 5 years ago, 04/26/2019

User Stats

130
Posts
17
Votes
Patrick Sears
  • Midlothian, VA
17
Votes |
130
Posts

Originating notes and tax burden

Patrick Sears
  • Midlothian, VA
Posted
Hello, Anyone selling/flipping homes on owner-carry as a dealer? No landlord headaches vs holding for appreciation, but wow-the short-term capital gains (ordinary income rate) plpus the self-employment tax b.s. really reduces your profit. Anyone have experience as a business owner who regulary sells inventory product to the public in how to deal with handing so much of your hard-earned money to Uncle Sam? Thanks

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