How to Report House Flipping on Tax Return
In this episode, you will discover my unique way to how to report house flipping on tax return. Most people trying to build a a house flipping business are often involved in the wrong questions. Actually, this topic is one of them. Regardless, I've taken the time to answer the question without replacing your professional CPA. First of all, here is a quick disclaimer. Consult your professional CPA for professional advice as the information in this email are simply my opinion from an active real estate marketers stand point. FOCUS The first thing is to make sure you are FOCUSed on activities that create sales and revenue back to back. It's the one single thing that you keep you out of trouble with Uncle Sam and his disciples. 50% Any…