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Updated over 4 years ago on . presented by

Dan V.'s profile image
Dan V.'s profile image
Dan V.
  • Investor
  • from Norfolk, VA
  • Member since Dec 15, 2017
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310
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Dan V.'s profile image
Dan V.'s profile image
Dan V.
  • Investor
  • from Norfolk, VA
  • Member since Dec 15, 2017
Connect
Dan V.
  • Investor
  • Norfolk, VA
187
Votes |
310
Posts
Tax, SDIRAs & Cost Segregation

Business license cost for flippers

Dan V.
  • Investor
  • Norfolk, VA
Posted

I know it’s city/county specific but for flippers out there, how much are you paying for your business license? My city requires you to submit gross receipts and fee is calculated at $0.16 per $100, and city said gross receipts is the sales price. So I sold $250k house I have to pay $400 when I renew my business license. Does that sound right?

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