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Updated 3 months ago on . Most recent reply

Anxhelo Lalaj's profile image
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Anxhelo Lalaj
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CPA Recommendation needed in DFW

Anxhelo Lalaj
Posted

Looking for a CPA who specializes in residential construction in DFW area. Any recommendations?

Fort Worth, Texas
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Basit Siddiqi
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Basit Siddiqi
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Replied

Are you doing construction to immediately sell or will you be holding these on to be rentals?

That will have an impact on how it will be treated for tax purposes.

If you are doing new construction and then immediately selling it, you are considered a 'dealer' and the real estate is not considered an investment property.

The IRS treats those who hold things long-term / treat them as investments in a favorable light.

Best of luck

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