Updated over 7 years ago on . Most recent reply
Capital Gains Tax in Iowa
Does anyone have information on the state and federal capital gains tax (Iowa to be state specific) I have clients wanting to flip and would like to give them an accurate estimate of proceeds.
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- Tax Strategist| National Tax Educator| Accepting New Clients
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@Jason Bergan I own a tax firm that specializes specifically in REI. There are several other tax professionals on here as well. I'm guessing that you are an RE Agent/Broker.
I would recommend forming a relationship with tax professional who can advise and work with your clients.
I would say 3/5 times someone does someone because their "agent said the tax would only be....." It's completely wrong. It also opens you up to liability by advising on a field you're not a a professional within.
