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51
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8
Votes
Jonathan Kessous
  • Rental Property Investor
  • cleveland, OH
8
Votes |
51
Posts

Taxes for Fix & Flip or short term capital gains

Jonathan Kessous
  • Rental Property Investor
  • cleveland, OH
Posted

hi All,

Happy Holidays and New year to all of you.

My name is Jonathan, nice to meet you all, and I am a foreign Real Estate investor in the USA.

As most CPA's in Israel dont have the answer for this I decided to take the chance and ask it here :)

Part of my business is doing Fix & Flips or new constructions in which at the end i sell the properties. Most of these projects take less than a year which means they are considered as Short Term Capital Gain.

I would like to know if anyone here know what are the taxes that needs to be paid for such a deal. i know it says that it is according to my annual ordinary tax but i dont pay any taxes in the US as i dont live there nor I am a citizen.

i hope someone here has the answer :)

thanks

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