House flipping question and seeking knowledge
I bought a home in June 2017, I just sold it and am set to close nov 28th if all goes smooth. It was a home to flip and not my residence. Do I have to pay taxes on my prophet ? Or can I use the money to roll into another property ? I do not want a 1031 or what ever it is called, it sounds like it costs money to do that and the money is held.