Well, gentle people, I find myself up a creek without the proverbial paddle.
And PLEASE FORGIVE my apparent ignorance about such a basic topic as my questions below.
For reasons, which I won't go into here, I found ...

If I buy and sell houses(flip) as a full time job, do I pay capital gains taxes? I read somewhere if it can be proven as a full time commitment and its the only source of income I make, the capital gains taxes are inc...

Forgive me if this not the right place for this question:as I'm analysing deals to flip how do I calculate taxes owed if the net profit is between 20-30k and the house sells for less than 200k?

Hi,
I inherited several lots in a subdivision, I have entered into contracts to sell these lots. I want to turn around and buy some property and a house to put on it.

My question is, will the property and house count...

Hi guys,

This is my first BP post. I searched the forums first but couldn't find any information. I am sure this has probably come up and my search words just weren't doing the trick, so sorry for another pos...

I am really looking for an answer from a CPA specializing in real estate, or someone who has been through the situation and had assistance from a CPA.We bought a house for $69,100 and are thinking of listing it for $1...

When you flip, how are you avoiding short term gains taxes?

Question: My 94-year-old father-in-law in Law is very well-balanced in assets . He has a home in WNY that is owned and was a marital primary residence until the demise of his wife. Now, if he were to sell he would owe...

Hello,I know the answer is to seek advice from a CPA, but I wanted to pitch this question anyway.I have heard that selling a home on the 366th day after the purchase, one doesnot pay capital gain taxes.I also recently...

Do you have to pay capital gains tax on a rental property that used to be your primary residence. I rented out my house in md. To move to sc. I have a 1 1/2 year lease. If I sell the property after the lease is up do ...