It's complicated...Some useful links with info on current tax rates and equalization ratios in NJ state:http://www.state.nj.us/treasury/taxation/lpt/taxra...http://www.state.nj.us/treasury/taxation/lpt/lptva...

Keep in mind that the withdrawn amount will be tax at your income tax rate, plus a 10% penalty if you are younger than 59 1/2 years old.

However it could be a great tax saver if flipping is your sole source of income and retirement contributions are not a major priority for you right now.There is no cookie cutter approach to real estate taxation.  

I am needing to attend a Than Merrill seminar to learn more about flips and taxation and rentals, just to see what they have to say.

But YOUR BASIS goes up and when you sell you pay tax at that time.still a little foggy on exactly what they are preaching..

When I ready to add two agents, I will be looking for experienced investment specialists    who is knowledgeable in real estate taxation, depreciation, exchange, and management and someone with atleast a bachelor's degree preferably with a background in business, finance or economics.This is the path I had taken which worked out well for me but  it may or may not work for you. 

Hi there everyone, i am Toronto Ontario, very new to this great and amazing web site BP just wondering if someone knows a lawyer and an accountant in BP community or other web site who is experience in cross border accounting, taxation and setting up entities for Canadian to buy US properties. 

The amount of actual value added that is eligible to be exempt from taxation is as follows: Year 1, 75%; Year 2, 60%; Year 3, 45%; Year 5, 15%.

when it was an REO the bank paid its property tax at $1179/yr (Jan 2014).  

Taxation and Assessments17.