TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Flipping Off

October 11, 2011

Today TaxMama hears from Marina in the Tax Quips Forum, with this situation. “Two separate clients have purchased houses to flip in 2010. One is a R.E. agent the other is the owner of a construction co. (C corp). Both have purchased a house, and after