Taxation of Buying and Selling Property – IRS
IRS Rules on Short- vs. Long-Term Capital Gains Tax Question: When Selling for cash investment properties, what does the IRS say about buying and selling properties under 12 months ownership vs holding for greater than 12 months ownership? This is a fundamental concept in real estate taxation, and the IRS treats these two holding periods […]
— Dealer or Investor Tax Status
Dealer or investor tax status has to do with what the IRS considers your business activity to be, It’s very hard to get any answers from the IRS regarding whether or not you are a dealer or an investor. But the way you are taxed as a dealer is very different and the way you are […]