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All Forum Posts by: Alea Burke

Alea Burke has started 1 posts and replied 2 times.

Post: Help a Flipping Newbie

Alea BurkePosted
  • Realtor
  • Wilmington North Carolina
  • Posts 3
  • Votes 0

 I do have an S-corp established. I knew before buying that I would likely be paying capital gains tax. I was curious in others experience what that typically amounted to and and what ways there were to minimize them. @Account Closed great suggestions, thnaks!

Post: Help a Flipping Newbie

Alea BurkePosted
  • Realtor
  • Wilmington North Carolina
  • Posts 3
  • Votes 0

I am purchasing my first flip home. My plan is to reinvest the money into my next project and I will be holding the properties for less than a year. What sort of taxes should I expect to pay and what are the best ways to minimize them other than holding onto it for a year?