Tax strategy on fix and flip for full-time employed
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