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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Dealer vs. Investor Posted by Ward-CA- on July 04, 2001 at 7:26 PM In Reply to: Dealer vs. Investor posted by Ron Jackson on July 04, 2001 at 3:30 PM : Is there any way to get around the "dealer" label (as it relates to taxes) when in the buisness of flipping distressed properties? : Thanks =•=•=•=•=•=•=•=•=•=•=•= Ron, it basically boils down to time–how long you held each property. You’ll probably be a dealer on those held less than a year and an investor on those held longer than a year. I’m sure you know that if you move into one of your foreclosures and fix it up and then resell it after two years of living there that you pay no taxes. And you can do it every two years. Wow, what a tax haven that is. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Is there any way to get around the "dealer" label (as it relates to taxes) when in the buisness of flipping distressed properties? : : Thanks : =•=•=•=•=•=•=•=•=•=•=•= : Ron, it basically boils down to time–how long you held each property. You’ll probably be a dealer on those held less than a year and an investor on those held longer than a year. : I’m sure you know that if you move into one of your foreclosures and fix it up and then resell it after two years of living there that you pay no taxes. And you can do it every two years. Wow, what a tax haven that is. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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