CheersSachinHi sachin, Flipping houses qualifies as ordinary income- not capital gains.

Otherwise, taxed as short-term cap gain subject to ordinary income tax rate.4.

I have only used that IRA to invest in private notes and hard money lending because those types of investments produce "interest" income which adds to my ordinary income tax bracket levels.

Flips are earned ordinary income. 

Depending on income levels, this passive loss may or may not be deductible against your ordinary income. 

If the suspended losses are in excess of the total gain, the remaining suspended losses will then offset ordinary income.3.

It is one year of say 50% value depreciation vs. all of the gain being taxed as ordinary income. 

Any ordinary and necessary expenses are deductible. 

Patio screen busted(frame) and window screens in general.Busted bifolds or bifolds that came of the track.  

If you have a net capital gain, that gain may be taxed at a lower tax rate than the ordinary income tax rates.