Posted by dale on November 06, 2007 at 18:03:29:
is wholesale flips legal in my state philadelphia,pa do i need a realestate liecence
Wholesale Flips - Posted by john
Posted by john on November 02, 2007 at 12:13:50:
Am I subject to short term capital gains taxes on my assignment fee to a rehabber? In other words, am I looked at as a dealer in the eyes of the IRS?
Re: Wholesale Flips - Posted by Natalie-VA
Posted by Natalie-VA on November 07, 2007 at 12:04:22:
John,
I’m not an attorney or CPA, but yes, my assignment fees are classified the same as my rehab and resales. You should also watch out for self-employment tax.
–Natalie