Hello:
I fixed a property up and soon will have sold it. I am looking at options to reduce my capital gains liability.
1) Is there a ruling that says that if I buy another property with a certain time frame I can avoid capital gains taxes.
2) After deducting my expenses, is it best to put money in IRA's to reduce taxe liability?
I plan to purchase another property to flip soon. I am just looking for the best tax strategy flipping houses.
Please advise and
Thanks,
Marlon
