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

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Nick Coons
  • Investor
  • Tempe, AZ
67
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102
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Flipping & Tax Strategies

Nick Coons
  • Investor
  • Tempe, AZ
Posted

I know that with flipping properties, the profit generated is taxed as ordinary income. And it can significantly increase one's marginal tax rate.

Other than the basics of running a business (operating as a pass-through entity, tracking and deducting all expenses related to the project, etc), what tips can I use to reduce my tax burden?

  • Nick Coons
  • Most Popular Reply

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    1,263
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    Conner Olsen
    • Real Estate Agent
    • Austin, TX
    936
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    1,263
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    Conner Olsen
    • Real Estate Agent
    • Austin, TX
    Replied

    Use profits from flipping to buy 1 rental property per year and do a cost segregation study on it.

  • Conner Olsen
  • [email protected]
  • 702-521-0034
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