Fix and Flip in Ohio and ways to avoid the withholding tax

Fix and Flip in Ohio and ways to avoid the withholding tax

High Desert, CA · Member since 2019 · 319 posts · 161 votes

Okay so I'm familiar with the withholding tax here in California. If your'e a individual doing a fix and flip you would have to withhold 12.3% of the net proceeds you make from the flip. Now you don't have to do that if you have a LLC.

Now I don't know nothing about Ohio. Can someone point me in the right direction. Because I'm purchasing a home in Ohio to do a fix and flip. 

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