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Updated over 3 years ago on . Most recent reply presented by

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Andy Sabisch

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Andy Sabisch
Andy Sabisch
#2 Rehabbing & House Flipping Contributor
  • Investor
  • Wilkes-Barre, PA
524
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Tax, SDIRAs & Cost Segregation

Question on a Fix-&-Flip bought in 2021 and selling in 2022

Andy Sabisch
#2 Rehabbing & House Flipping Contributor
  • Investor
  • Wilkes-Barre, PA
Posted

Quick question . . . . we picked up a fix-&-flip in late 2021 and am putting it on the market this coming weekend.  How do we handle the money invested in 2021 (purchase, eviction cost,  renovations through 12/31, etc.) on our 2021 taxes?  Do we simply hold everything until we file in 2022? 

Thanks in advance

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