In your opinion, what is the most tax friendly way to do a flip?
There's really no either-or here, @Ashley Simonelli . Profits from a flip will be taxed as regular income.
The only other approach I can think of is to do the flip inside of a self-directed IRA. That's a lot of paperwork, etc. to deal with and, of course, it would mean you won't have access to the proceeds until you retire.
You want to make sure that you are deducting all the expenses you are entitled to.
Every expense will lower federal, state and self-employment tax liability.
Potentially, an S-corp will allow for savings of self-employment taxes.
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