Income tax classification

Posted on: Mon, 07/27/2009 - 12:56

jakeburkholder

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Joined: 2009-03-02

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Income tax classification

I just read a news article by a local attorney that discusses an entities' tax classification regarding RE fix and flip. She lists a number of criteria but says be careful or you can be classified as a developer by the IRS which takes away a lot of write-off opportunities. My question; has anyone on this site had to deal with this and if so will you share your experiences?

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by jakeburkholder
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Income tax classification

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