Skip to content

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
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
General Real Estate Investing
BiggerPockets Exclusive PRO Area
PRO
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Commercial Real Estate Investing
Innovative Strategies
Mobile Home Park Investing
Multi-Family and Apartment Investing
Land & New Construction
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Creative Real Estate Financing
Personal Finance
Insurance
Private Lending & Conventional Mortgage Advice
Tax, SDIRAs & Cost Segregation
Foreclosures
1031 Exchanges
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing
Chris Iley's profile image
Chris Iley's profile image
Chris Iley
  • Flipper/Rehabber
  • from Walled Lake, MI
  • Member since Apr 21, 2020

User Stats

18
Posts
4
Votes
Chris Iley's profile image
Chris Iley's profile image
Chris Iley
  • Flipper/Rehabber
  • from Walled Lake, MI
  • Member since Apr 21, 2020
Chris Iley
  • Flipper/Rehabber
  • Walled Lake, MI
4
Votes |
18
Posts
Tax, SDIRAs & Cost Segregation

Accepted offer Dec 2020, close Jan 2021, claim income for 2020?

Chris Iley
  • Flipper/Rehabber
  • Walled Lake, MI
Posted

Just finished my first official flip and I accepted an offer on the house in December 2020. We won’t officially close until January of 2021. Is there any way I can claim the income on my 2020 taxes?

0 Votes
Follow
2 Replies
Jump to Last Reply
Log In or Sign Up to Reply
Sort By:

Loading replies...