BRRRR and flip income.

[Caleb Landry]

Hello, Quick question about how the IRS looks at 2 types of income in your company. I have one BRRRR property and now doing a flip on another property. Does the IRS look at the 2 sets of income completely separately? If I use flip proceeds to say buy a roof for the BRRRR or pay down debt would that reduce my tax bill on the flip proceeds? Thank you!