It’s not a capital gain.Flips are considered sale of inventory as part of a business or trade, not as a passive investment property.You should really talk to a qualified professional or two, especially since you probably will have to make an estimated tax payment to cover your flip profit...Good luck.

An ITIN is a tax payer ID number that looks similar to a social security number. 

A dwelling unit that a taxpayer intends to bereplacement property in a § 1031 exchange qualifies as property held for productive usein a trade or business or for investment if:(a) The dwelling unit is owned by the taxpayer for at least 24 months immediatelyafter the exchange (the “qualifying use period”); and(b) Within the qualifying use period, in each of the two 12-month periodsimmediately after the exchange,(i) The taxpayer rents the dwelling unit to another person or persons at a fairrental for 14 days or more, and - 5 -(ii) The period of the taxpayer’s personal use of the dwelling unit does not exceedthe greater of 14 days or 10 percent of the number of days during the 12-month periodthat the dwelling unit is rented at a fair rental.For this purpose, the first 12-month period immediately after the exchange begins onthe day after the exchange takes place and the second 12-month period begins on theday after the first 12-month period ends.

As this year has been tough and some people have experienced losses from investments and businesses,Converting Traditional IRA to ROTH IRA: If the Taxpayer expects NOL in the year, the IRA conversion can be timed so that conversion income is not taxed.

You make the mortgage and tax payments from your personal account. 

They provided me with a list of their most delinquent taxpayers.

This way both entities are disregarded for tax purposes and treated as if the properties were actually sold/purchased by you (taxpayer). 

This way both entities are disregarded for tax purposes and treated as if the properties were actually sold/purchased by the same taxpayer.  

The second part is difficult for taxpayers with full-time jobs and the test is that you have to spend more than half your working hours on your real estate business during the year. 

(Taxpayer Identification Number)If you will organize an entity - are the entities taxed differently by the US and your country?