Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

14
Posts
1
Votes
Pannell Catherine
  • Investor
  • Houston, TX
1
Votes |
14
Posts

Help! Wholesaler needing help with taxes!

Pannell Catherine
  • Investor
  • Houston, TX
Posted

This is my first year operating as a wholesaler under an LLC I had created. I closed 5 wholesale deals last year totalling a profit of about 18k. My question is regarding taxes. I've never claimed wholesale income before and I am not familiar with the process. I have not recieved any tax returns from the title companies showing the income I made. Does the title compnay report my wholesale fees to the to IRS? I know Im a total amateur! Just wanting clarity on how the income is reported if at all. Thanks!

Loading replies...