Posted by Ed Copp on March 02, 2003 at 15:19:53:
It’s your property so you can sell it whenever you want to.
The profit from a quick flip is 100% taxed at ordinary income rates, so are wages for flipping burgers. It will be your decision as to which kind of work you like doing. Income is taxable, none of us like that very well.
How long must I keep a home before I can sell it? - Posted by Jerry
Posted by Jerry on March 02, 2003 at 15:14:06:
I have only flipped and never done a rehab. How long do I have to keep the property before I can sell. I will be buying the house all cash. I have a s-corp and would like to avoid as many taxes as I can. What are some of the best ways to go about a rehab. Any help is always greatly appreciated.
Jerry