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Rehabbing & House Flipping

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30
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Kairaba Burson
  • Investor
  • Richmond, VA
5
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30
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capital gains tax!!

Kairaba Burson
  • Investor
  • Richmond, VA
Posted Jan 13 2015, 20:02

im new and learning the ropes. i see a lot of people rehabbing and prefer it. are they getting hit with capital gains taxes or is there a way to lesson the impact of them? in a 15% bracket do you just get use to ex: 20K profit less 4K taxes. total 16K? or am i missing something?

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