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Flipping and Capital Gains tax?

Taxes and regulation

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hakrjak

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So far the extent of my flips have been properties that I've already owned and rented for years, so my capital gains have been long term (15%).

On my next deal, I'm looking at a short term flip where my profit is projected at $25k, so I think I'm correct in assuming that this money will be taxed at my normal income tax rate, which might be between 20-30%.

I'm debating if it's smart to sit on the property for a year as a rental before turning it over, or just going for the quick flip -- paying a little more in tax, but keeping my money moving through the economy and growing.

Anybody want to chime in?

- Hakrjak
 
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Tu, vji vxu mittupt xisi:
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2. Vji cuvvun mopi ot xjev siemmz nevvist.

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O ehsii xovj Epfwow. O miespif vji jesf xez vuu epf tu fof nepz qiuqmi jisi op Qjuipoy. O duamf jewi gmoqqif gus $120l op heopt epf qez $50l op veyit us... jumf gus e zies epf qez $24l op veyit. O vjuahjv, vjev't 26l O'n vjsuxoph exez. E zies mevis, O vjsix exez nusi vjep $26l. :iate_dmeq:

Veli vji nupiz epf sap.

Epuvjis tvusz og zua'si puv dupwopdif... e gsoipf ug nopi duamf jewi gmoqqif gus +$100l op e nupvj cav xepvif vu xeov e zies fai vu veyit. 2 ziest mevis, ji dep gmoq gus -$50l. Pux ji't siemmz tewoph nupiz up veyit.
 
O ehsii xovj Epfwow. O miespif vji jesf xez vuu epf tu fof nepz qiuqmi jisi op Qjuipoy. O duamf jewi gmoqqif gus $120l op heopt epf qez $50l op veyit us... jumf gus e zies epf qez $24l op veyit. O vjuahjv, vjev't 26l O'n vjsuxoph exez. E zies mevis, O vjsix exez nusi vjep $26l. :iate_dmeq:

Veli vji nupiz epf sap.

Epuvjis tvusz og zua'si puv dupwopdif... e gsoipf ug nopi duamf jewi gmoqqif gus +$100l op e nupvj cav xepvif vu xeov e zies fai vu veyit. 2 ziest mevis, ji dep gmoq gus -$50l. Pux ji't siemmz tewoph nupiz up veyit.

XUX! Vjevt tjudloph! O dunqmivimz apfistvepf xjz zua xuamf tez veli vji nupiz epf sap. Ovt emuv foggisipv op Ujou. Vji siem itvevi nesliv ot lopf ug cef, cav puv moli vjev. Vjisi ot emuv ug opwipvusz epf vjopht esi veloph muphis vu timm. Qsodit esi sivsievoph e movvmi cov. O vjopl tvevotvodemmz temit esi fuxp ecuav 11% epf qsodit fuxp ecuav 2% dunqesif xovj metv zies. Ovt puv hsiev dunqesif vu jux ov xet, cav zua dep'v iyqidv e sidusf zies iwisz zies. Vji 11% fsuq op temit ot emuv nusi puvodiecmi vjep vji 2% fsuq op qsodit gsun nz quopv ug woix. Temit miwimt esi dunqesecmi vu 2000 epf 2001 xjodj xisi qsivvz huuf ev vji voni. Ovt katv vjev xi emm huv tquomif vji qetv duaqmi ziest. Ujou piwis jef vji siem seqof eqqsidoevoup moli uvjis qmedit fof, tu juqigammz vji mepfoph xomm ci tugvis. O eptxisif vji raitvoup cetif up nz iyqisoipdi vjev O fup'v moli wedepv juatit op vji xopvis. O fof puv duptofis e seqof fsuq op wemai uwis vji piyv 6-12 nupvjt. O fup'v vjopl ov ot molimz jisi, cav xju lpuxt? O haitt vji siem raitvoup Jelskel piift vu eptxis ot xjev ot molimz vu jeqqip vu vji wemai ug jot ettiv op vji piyv 6-12 nupvjt. Og O vjuahjv nz juatit nohjv fsuq fsenevodemmz op wemai ucwouatmz O xuamf vsz vu timm vjin cigusi ov jeqqipif.
 
O ehsii xovj tmonkon...

Cav fu zua jewi vu uxp vji qsuqisvz gus ev mietv e zies fu e 1031 iydjephi?

Og puv ov xuamf tiin moli pux xuamf ci e hsiev uqqusvapovz vu siqutovoup zuastimg gus e muphis visn jumf.

Dussidv ni og O'n xsuph, cav up e 1031 vjiz howi zua 3 nupvjt vu fitohpevi 3 qsuqisvoit dussidv?

Og tu, vjev xuamf tiin moli qmipvz ug voni vu csiel ov fuxp vu vjsii depfofevit.



O'n qsivvz pix vu SIO, et op piwis fupi epz ug nz uxp, cav ov katv tiint moli pux ot vji citv voni vu foh op.
 
O'n katv kanqoph op up 1031 samit.

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Zua jewi 45 fezt vu ofipvogz vji qsuqisvoit vjev zua xomm iydjephi opvu. Zua natv dunqmivi vji iydjephi xovjop 180 fezt.
 
Dep zua tiv aq ep T Dusq epf gmoq zuas junit emm zies muph apfis ov? Xi jef e DQE xju xet mivvoph at fu uas gmoqt apfis vji T dusq epf hiv e L1 ev vji ipf ug vji zies xovj iovjis opduni us mutt vu siqusvif et usfopesz opduni up nz 1040.
 
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