Skip to content
Tax, SDIRAs & Cost Segregation

User Stats

20
Posts
2
Votes
Bang Tran
  • Investor
  • Lincoln, NE
2
Votes |
20
Posts

2014 tax for flips

Bang Tran
  • Investor
  • Lincoln, NE
Posted Mar 11 2015, 19:52

Hello everyone, I have a capital gains tax question. I purchased and flipped a house April 2014 and sold it in September for a profit. I turned around and bought another house in December and sold it in January 2015. So my question is do I need to file taxes and pay capital gains tax on my first house I bought in April 2014 or can I roll it over to 2015 with the second house I bought in December and sold in January 2015?

Thanks BP

Loading replies...