Tax breaks on flips

[Charles Graham]

I'm starting out about to do my first flip. 
how can I avoid as much taxes a possible when selling?

[Aaron Zimmerman]

1. Focus on bookkeeping so you know exactly how much profit you make. Figure out additional expenses that could maybe be indirectly related to the flipping business (I.e. networking, education, etc) 2. Consider entity structuring discussions with cpa 3. If it’s a real business, I’d consider some other tax deferral strategies as well but would be best to go over the range of options with a cpa