Posted by Laure on October 21, 2000 at 09:42:26:
Don’t know about “homegain.com”. But you will be subject to 28% taxes on flips. Be careful, because if you do a few of them, you could be subject to SS tax also, which is an additional 15% tax. If you are really going to work the business, you’ll be smart to investigate C corporation for your flips.