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Rehabbing & House Flipping
HomeForumsRehabbing & House FlippingTaxation with Partnerships
Jose A Serrato's profile image
Jose A Serrato's profile image
Jose A Serrato
  • Investor
  • Member since Oct 12, 2021
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Jose A Serrato's profile image
Jose A Serrato's profile image
Jose A Serrato
  • Investor
  • Member since Oct 12, 2021
Connect
Jose A Serrato
  • Investor
5
Votes |
15
Posts
Rehabbing & House Flipping

Taxation with Partnerships

Jose A Serrato
  • Investor
Posted Oct 14 2021, 12:08

Hello BP Community newbie here, I have a general question. When flipping a house with lets say a total of 3 people, each takes their profit & are taxed individually correct? Would they each report their gain separately or is there a form for all 3?

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