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Updated about 6 years ago on . Most recent reply

Arthur Willie's profile image
Arthur Willie's profile image
Arthur Willie
  • from Las Vegas, Nevada
  • Member since Nov 24, 2017

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Arthur Willie's profile image
Arthur Willie's profile image
Arthur Willie
  • from Las Vegas, Nevada
  • Member since Nov 24, 2017
Arthur Willie
  • Las Vegas, NV
0
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4
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New Member Introductions

ASSIGMENT OF CONTRACT

Arthur Willie
  • Las Vegas, NV
Posted

Wholesaler has a property under contract for $65k the assignment fee was $25k making a total purchase price of $95k. I then rehab and sold for $132k. My concern is that the county recorder is showing that I purchased the property for $65k and sold it for 132k. How will this play out for tax purpose. Please advise

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