Tax Consequences of Flipping Real Estate

Posted by admin in Law and Tax

If you’re looking to turn a quick buck on a real-estate transaction, accountant Bill Rucci has some words of warning: “It may be quick, but it also may not be as lucrative as you first thought.”As housing prices in many parts of the United States skyrocketed, “flipping” — buying a property and then quickly reselling it at a higher price — has become the hottest investment trend. Read the rest of this entry »