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Updated over 10 years ago on . Most recent reply presented by

Ryan Thacker's profile image
Ryan Thacker's profile image
Ryan Thacker
  • from Walled Lake, Michigan
  • Member since May 17, 2015

User Stats

10
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Ryan Thacker's profile image
Ryan Thacker's profile image
Ryan Thacker
  • from Walled Lake, Michigan
  • Member since May 17, 2015
Ryan Thacker
  • Walled Lake, MI
6
Votes |
10
Posts
Tax, SDIRAs & Cost Segregation

Flippers and taxes: advice for newbie

Ryan Thacker
  • Walled Lake, MI
Posted

First timer trying to get my numbers right.. I intend to flip a house. Will be a cash purchase. For city taxes do I pay full annual taxes if I only hold it for say 2-3 months? Also when I sell what percent do I factor for IRS? Thanks BP.

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