However, it is taxed at your ordinary rate UP TO 25%.How long have they held the property and what was their basis?

Concrete drives, patios, foundations, etc.

J Scott My CPA touched on the dealer status issue as well, describing how to set up multiple entities in order to treat flips as capital gains, rather than ordinary income.

It's a Samsung Galaxy S3, highly recommend it...So now, here is the video (it's the one on the right I believe):https://www.dropbox.com/sh/u6ucp6f4tnfnhsc/aNrYjaL929Now, let me give you all of the info I wrote down on a piece of paper about the house:Windows - All new (except big custom ones in the patio thing.)Custom Windows - 2 (One is 44in x 83in, and the other is 47in x 52in)Light Fixtures - 19Interior Doors - 9Exterior Doors - 2Glass Sliding Exterior Doors - 2Sliding Closet Doors - 3Furnace - 1How Water Heater - 1Cooling Unit (Refrigerated Air) - 1Besides this, I also have all the floor measurements for the floors!

That's taxed at your ordinary tax rate.

I'll offer this partial answer as my guess: Option payments only become ordinary income in the year that the tenant buyer walks on their option to buy, buy moving out, giving notice and you 2 don't have some change in heart and return some of their option.

pouring a 12x8 concrete patio in back - currently it is a wood deck raised 4 inches off the ground under a covered porch.

Some include only the roof footprint, some include patios, etc.

I now have a painted patio or a small fence or greener lawn or something).

HAS PATIO AND COVERED PARKING.NEAR STERLING AND WINNER ROADMONTHLY INCOME OF $2000ASKING 110,000 Make offer.Possible financing.What I get from this is someone with a possible cash problem as the property has only been partially remodeled.Would a reply back be along the lines of a sweat equity arrangement?