Property flipping? Know how it can affect your tax return

Tuesday Mar 26th, 2019

Share

Buying and selling property as a way to make a profit can be a smart move as long as you do your research and know how to report it at tax time. When you buy property with the main intention of selling for a profit, you are engaged in the business of property flipping. This often means you buy a property, take possession, and do some renovations. After the property is improved, you sell it and any profits become part of your income. You may choose to live in the property while making... [read more]

READ MORE

Web4Realty

Real Estate Websites by Web4Realty

https://web4realty.com/

Call Me Send Email