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Tax, SDIRAs & Cost Segregation

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Brandon G.
  • Contractor
  • Garland, TX
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186
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Tax Question

Brandon G.
  • Contractor
  • Garland, TX
Posted Oct 6 2014, 06:23

If I purchase a flip property at the end of this year and then sell it at the beginning of next year, how is that taxed? For example, are the expenses reported as a loss this year and the entire sales price shown as a profit next year?

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