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Category Archives: Flipping Houses

*Tax Quips, Capital Assets, Capital Gains Tax, Flipping Houses, Inventory

Flipping Off

Posted on October 11, 2011 by TaxMama

Today TaxMama hears from Marina in the Tax Quips Forum, with this situation. “Two separate clients have purchased houses to flip in 2010.  One is a R.E. agent the other is the owner of a construction co. (C corp).  Both have purchased a house, and after renovating them, both were able to flip their houses […]

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Posted in *Tax Quips, Capital Assets, Capital Gains Tax, Flipping Houses, Inventory  |  Tagged *Tax Quips, Business/Finance, Capital Gains, economics, fiscal follies, flip, flip a coin, Flipping, Flipping Homes, Free, Government, Hi Marina, Inventory, IRS tax forms, Knowledge, Schedule C, Schedule D, short-term, tax answers, Tax Information, tax podcast, tax questions, tax tips, tax writer, TaxMama, terrific, Value added tax Leave a comment
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