Tax strategy on fix and flip for full-time employed

1 Reply

Hello,

I work full-time and invest in buy-and-hold real-estate for long term investing. 

One property has come up recently which will net me $30k profit, if I fix it up and flip within a few months. 

I'd like to pay minimum amount of tax as possible on the fix and flip profit :).   

What are some of the tax strategies I can utilize to minimize tax on fix and flip ordinary income? (anything from new tax law changes?)

Thanks

Neel

@Neel Shah If you like buy and hold why not 1031 the 30k into a buy and hold property? Otherwise, I don't think there will be any loopholes. But an accountant would know best.