Investor · Clairemont, CA · Member since 2011 · 3k+ posts · 2k+ votes
12y
You need to restate your actual question, it's not clear what you're asking about. Flip income isn't subject to capital gains, it's taxed at ordinary income rates. So what is it you were/are thinking of?
Investor · Willow Spring, NC · Member since 2009 · 5k+ posts · 3k+ votes
12y
I pay no capital gains tax, yet I participate in a "flip" activity. In fact, I pay no federal or state income tax at all. Yet I participate in a "flip" activity, where the property is bought and sold in less than a year. And it is legal, and IRS approved.
So the country is the US.
I do this by lending from a self directed IRA, by the way.... so technically, I don't do anything. The IRA does everything. And they do what I direct.