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Updated over 4 years ago on . Most recent reply presented by

Simon Obas's profile image
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Simon Obas
  • Rental Property Investor
  • Member since May 8, 2019
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199
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Simon Obas's profile image
Simon Obas's profile image
Simon Obas
  • Rental Property Investor
  • Member since May 8, 2019
Connect
Simon Obas
  • Rental Property Investor
42
Votes |
199
Posts
Tax, SDIRAs & Cost Segregation

Flipping homes, taxes, capital gains

Simon Obas
  • Rental Property Investor
Posted

Peace. I'm interested in knowing how you all house flippers are filing taxes. I flipped a home in January and selling another one in 2 weeks. I purchased both homes under my LLC and will sell them under my LLC too. I'm hearing I should file taxes as an s Corp to avoid/lessen capital gain taxes. I will go speak to a cpa for sure however, I'm curious as to what other investors are doing. Any information is greatly appreciated.

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