Installment sales/flips and theIRS

[David Lunsford]

I continue to get mixed response from the following. I buy and sell out of my Limited Partnership. I want to start creating notes and do this out of a seperate entity. A couple of CPA's have discouraged me doing this as the IRS will consider the note sale the same as a flip and disallow it even though it is a seperate entity. I have been told to rent the property for a year and then sell on an installment. Thoughts please. Let's leave comments on the SAFE Act for another thread.