Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . presented by

User Stats

64
Posts
19
Votes
Thripura Vemireddy
  • Flipper/Rehabber
  • Alpharetta, GA
19
Votes |
64
Posts

Capital gains tax on a Flip home - sold after one year

Thripura Vemireddy
  • Flipper/Rehabber
  • Alpharetta, GA
Posted

I bought a home and renovated it and sold. It took me more than a year between Purchase, Renovate and Sell. Still got some profit.

What would be my tax rate? 

Long term capital gains or short term capital gains?

I would appreciate the response.

Thanks

Thripura