Tax Implications of flipping in South Carolina?

Question

Are there any specific considerations to make when flipping in South Carolina? Any state-specific tax concerns? Thanks in advance!

Adam Drummond · Answer

@Trieste Matte

I am a realtor in SC. It has been 10 years or more since i have had this issue with a client. i believe that you will end up losing roughly 7% to sc in taxes if you are an individual. Def do not take me for my word. Please verify this.

Tax Implications of flipping in South Carolina?

1 Reply