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Updated over 8 years ago on . Most recent reply

Owner Finance wraps and capital gains
If you are selling a rehab as an owner finance, do you have to take all the capital gains in the year you sell it? I have heard both yes and no. My CPA is hesitant and says I need to take the gains all upfront but that it is very grey...
Most Popular Reply

Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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First, there are no capital gains on a flip, it is ordinary income.