taxes96786
Level 9

Client inherited 4 properties. My intention is to rehab/remodel them and then sell. Would you recommend that I create a (Flipping) business for the properties until they sell or just retain them as inherited/investment properties until rehabbed and sold?

I am not sure which is more beneficial for tax purposes. All are expected to be disposed of via sale within 3 years.

All responses are appreciated.

0 Cheers