Question about capital gains when flipping
Hello everyone!
I'm new to the site and have found it very helpful. I'm also interested in REI and am leaning more towards flipping. I have a couple of questions regarding tax purposes. It's to my understanding that capital gain is taxed if you make a profit on a property that you sell without living in it for a certain period of time. As a flipper, is there a way to avoid it or reduce the percentage? Should one do taxes as a business instead of an individual to help this?