Posted by JHyre in Ohio on October 07, 2003 at 09:52:24:
No penalties…but you do pay taxes based on bracket, instead of the low 15% long-term capital gains rates.
John Hyre
flipping a house being built (connecticut) - Posted by Michael Morrone
Posted by Michael Morrone on October 06, 2003 at 18:22:38:
If I buy a house being built and want to flip it at end of construction - are their penalties?