Updated about 4 years ago on . Most recent reply

Double Closing and Capital gains tax for wholesalers
I am an wholesaler who recently had a double close. i would like to know the following?
-Are my proceeds subject to capital gains tax?
-If so, What portion of my proceeds will be subject to the capital gains tax?
-Considering the fact that my primary business is wholesaling, shouldn't my proceeds be taxed as ordinary income?
I would greatly appreciate it if anyone can shed some more light on this issue for me.