taxes96786
Level 9
03-27-2022
09:24 PM
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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.
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