Minimizing taxes on flips

[Kathy Stewart]

What creative strategies have any of you used to minimize taxes in these quick buy/sell scenarios?

[Brandon Hall]

@Kathy Stewart flips and other quick turn sales will be subject to ordinary rates and self-employment taxes. There's not really a good way to transition these gains to "capital" unless you can demonstrate investment intent. 

But, you will be a business owner and can utilize strategies such as:
(1) S-Corporation
(2) Tax deferred retirement accounts
(3) Health insurance premiums
(4) All business deductions
(5) And a lot more :)

Probably a good idea to speak with a few CPAs!