All Forum Posts by: Mike Miller

@Elliott Elkhoury

Thanks for your input!

@Ashish Acharya

Ok, so just to see if I’m understanding you,

you’re saying that short term capital gains and regular income tax with self employment tax would both be about the same amount?

Hello BP,

So here is my situation:

I bought a REO in January 2019 with the intention of renting it out for a little over a year and then selling it. Long story short, my tenants only lasted from February till June and then bailed on me. If I sell the house in 2019, will I pay capital gains tax or will the proceeds be treated like regular (W2) income? My CPA is telling me that it will treated as short-term capital gains but I'm wanting to get a second opinion.

Thanks for looking and contributing!

@Dave Foster

Thanks, Dave, I appreciate the advice!

@Brandon Sturgill

Thanks, Brandon!

So basically everything can be accomplished through email, phone, etc.?

Hi all,

I live in Northeast Ohio and am looking for a reputable intermediary to work with.

Any recommendations?