Category:House Flipping

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Other Related Resources

  • Gartrell & Gartrell 619 F2d 1150 (1980) Standard case.
  • M.W. Enslin TC Memo 1982-430 (1982) a case IRS will likely pull out if they are in a bad mood
  • RL Hamilton TC Memo 1973-93 (1973) more positive for TP treating as investment.
  • NEW: Garrison case, found that taxpayer was in the trade or business of flipping (with regular/repeated activity), and thus gains were ordinary, not capital, and were subject to SE taxes.

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