Important Service Announcement: Based on user feedback we are not shutting down the TaxAlmanac.org website however the site is now an archived version as of June 2014. While all of the existing discussion threads and commentary will be preserved you will no longer be able to edit content, post to forums or create additional logins.

Category:House Flipping

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

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.

Related Websites

Retrieved from "http://www.taxalmanac.org/index.php/Category:House_Flipping"
Personal tools