Tax rate on a Flip......

[Michael Dunn]

I have read about 1031 ( 1031b ) and am still uncertain as to how the property you sell is taxed and how to ( if you can ) defer from paying taxes on the profit you make, from the sale

I am looking to finally get into flipping house, and will either use some of the profits I make from each flip, to use towards the down payment on the next property. But I also will have to use a part of that profit from each flip to live on

If I flip 3-4 houses a year , what percent of capital gains, can I expect to pay on each flip ?

Also, is the 90-Day Anti flip rule still in effect in 2014 ?

Thanks so much, I appreciate all the help and insight