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Updated about 11 years ago,

Thomas Ingram's profile image
Thomas Ingram's profile image
Thomas Ingram
  • Homeowner
  • from Harriman, Tennessee
  • Member since Jun 27, 2013
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User Stats

12
Posts
6
Votes
Thomas Ingram's profile image
Thomas Ingram's profile image
Thomas Ingram
  • Homeowner
  • from Harriman, Tennessee
  • Member since Jun 27, 2013
Connect
Thomas Ingram
  • Homeowner
  • Harriman, TN
6
Votes |
12
Posts
Wholesaling

Contract Assignment and Taxes

Thomas Ingram
  • Homeowner
  • Harriman, TN
Posted

I'm new to the real estate world. Been reading for years and finally jumping in. I'm starting out by doing contract assignments. I have one question that I cannot find anywhere. How does contract assignment relate to IRS real estate dealer or investor status? You never own the property. I know that it is counted as regular income, but is there any danger of being labelled as a dealer? Thanks!

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