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Updated about 6 years ago on . Most recent reply

Joe Arida's profile image
Joe Arida's profile image
Joe Arida
  • Rental Property Investor
  • from Fitchburg, WI
  • Member since Sep 26, 2016
  • Posts 91
  • Votes 60
  • Experience 7 Yrs
  • Investments 1
Connect

User Stats

91
Posts
60
Votes
Joe Arida's profile image
Joe Arida's profile image
Joe Arida
  • Rental Property Investor
  • from Fitchburg, WI
  • Member since Sep 26, 2016
  • Posts 91
  • Votes 60
  • Experience 7 Yrs
  • Investments 1
Connect
Joe Arida
  • Rental Property Investor
  • Fitchburg, WI
60
Votes |
91
Posts
Wholesaling

Double close vs assignment taxes?

Joe Arida
  • Rental Property Investor
  • Fitchburg, WI
Posted
Hi everyone! I'm wondering what the differences would be between a double close vs contract assignment when tax time comes? As far as I can tell for contract assignment it would be income tax + self employment tax. For a double close would that be short term capital gains + self employment tax, just short term cap gains, something else..?
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