Updated almost 7 years ago on . Most recent reply
15% Taxes for flipping?
Hey everyone,
New to this. (Read a few books) but was wondering about the 15% tax on flipping homes since your considered a business. Is it 15% in every state? If not, how do I figure out what all my charges will be? Not sure who to talk to..
Most Popular Reply
@Chase Romine yes, 50% of gross profit. Paid at tax time with your regular income taxes