Sandy Uhlmann
Is dealer status avoided if real estate activity is done using a self directed IRA?
I recently set up a self directed IRA through Midatlantic. I was wondering if I use my self directed IRA money to wholesale properties, does that avoid the dreaded dealer status? One of the Midatlantic reps suggeste...
Vladimir K.
W2 job and flipping homes and taxes
This is a hypotethical question for me that I did not see answered. As I understand it, buying a property with intent to flip it quickly, for a profit, makes one a 'dealer' in the eyes of the IRS. Dealer is someone ...
Michael Seeker
Best structure for flipping
I'm about to finish my 2nd flip and am looking to purchase my 3rd within the next 2-3 weeks. The first two were just purchased and held in my own name, but I'm wondering if this is the best way to do this?
I have re...
Michael Power
Investor vs Dealer - 1031 Exchange
Growing our RE business in the US certainly has its growing pains. In structuring our entities, (we function in Florida, Georgia and soon in Texas), we have been informed that, "...your company is a dealer in real es...
Matt Brown
Taxes of flippin' a property
I'm more interested in holding out and renting out a property than I am flipping one, but if I did find one for a good enough deal and managed to get rid of it fairly quickly, what are the taxes like?
I suppose there...
Christine Oliphant
Question about tax free earnings with SDIRAs
I've been learning about SDIRAs and from what I understand when you use the money in your real estate business, the money you earn will be tax free. So as Amanda Han put it in podcast 49, if a wholesaler puts a $1,...
Julian Dozortcev
is this considered a 1031 exchange
Hello All,If you purchase a home for a rehab sell it and then use those funds to purchase another rehab and continue going. Do you have to pay capital gains taxes on that profit earned or is that considered 1031 excha...
Jeff D.
tax on LLC doing flips vs. tax on S-CORP doing flips?
Could someone please tell me in as general numbers and terms as possible what the overall difference in end taxes might be between these two? Let's say for example the company clears 120k in profit on sold flips eac...
Cooper B.
How to report profits from a flip with a partner
First off, I apologize if this has been discussed in another thread but I couldn't find anything that addresses my particular situation.I am seeking advice about how to report the profits from a flip with a partner. ...
Derek Kerley
Flipping - Taxes
I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...