Archive for United States
How do you pay for taxes when flipping houses while spliting profit ?
xxjae_bxx asked: I plan on starting a business designed to flip houses and eventually go on to commercial real estate. The income will be placed back into the company and the company will hand out checks to the workers which will be me and my friend . Does my profit from my house flips still [...]
Would a c-corp work for someone “flipping houses” for tax benefits?
mrflip asked: I am looking into the business of flipping houses, so after reading more into it I see that it is recommended to operate under a “c-corp”. After talking to a CPA they said it would make no sense as I would be double taxed, both on the corporate profit and my personal income [...]