Is an llc without a real estate licensed professional considered a dealer if they buy and sell over 6 properties a year?
Yes, if your primary purpose for buying the properties was to flip them for a profit.
There are several factors you need to consider:
1. The purpose for which the property was acquired;
2. The purpose for which the property was held;
3. Improvements, and their extent, made to the property by the taxpayer;
4. The frequency, number, and continuity of sales;
5. The extent and substantiality of the transaction;
6. The nature and extent of the taxpayer’s business;
7. The extent of advertising or lack thereof; and
8. The listing of the property for sale directly or through a broker.
