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.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
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 almost 9 years ago on . Most recent reply presented by

User Stats

99
Posts
33
Votes
Jason Eberhardt
  • Investor
  • Pueblo, CO
33
Votes |
99
Posts

Help Avoid Capital Gains Tax

Jason Eberhardt
  • Investor
  • Pueblo, CO
Posted

Hello everyone I am hoping for a little help here. ( and yes I am looking for a CPA at the moment ) 
so I am a buy and hold invester in Pueblo Co. i have done the BRRRR system a lot if times and it was and still is my long team goal. with that said 2 houses fell into my lap that would make the best Flips. to good to walk away from, I do not want to rent them out but I also don't want to pay such high capital gains in them. bc I am a buy and hold invester I thought I could do a 1031 and just found out I can not do that with flipped properties. any help would be great. Thank you.

Most Popular Reply

User Stats

23,418
Posts
13,511
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,511
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Flips are not cap gains either, ordinary income plus.

Loading replies...