Posted by Pat on April 15, 1999 at 23:55:14:
the only way I know of is plan to keep the rehab for 1 or more years then do a 1031s tax exchange
lots of rules but worth the work. you roll the profits into your next house . find a cpa that has done alot in the last year and he can help.
Pat
capital gains tax - Posted by deb
Posted by deb on April 15, 1999 at 19:53:02:
My husband & I would like to rehab homes and sell immediately. I’m hearing that capital gains taxes are a killer. Are there any ways of minimizing them?
Re: capital gains tax - Posted by Stacy (AZ)
Posted by Stacy (AZ) on April 16, 1999 at 18:01:32:
Incorporate. For short term holdings, the C corp is the best form. Read Bill Bronchick’s how-to articles regarding incorporation. This is the best way to minimize your tax-bite when doing rehabs and flips.
Stacy