Updated over 8 years ago on . Most recent reply
Flip took too long, still in budget.
Hello all
We bought a property in September 2016. We just finished the rehab; it took too long due to some unavoidable things. We are still in our budget though. I would like to know the tax consequences in my situation;
1. If we sell it right away
2. Rent it and then sell it after a couple of years
3. Do a seller finance( it is all paid off)
Please advice for maximum tax advantage.
Thanks
Deepika