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Investors & landlords
@Diti wrote:
and what if the intent was to try again in 2023 with another flip? Does that change the tax scenario?
Go to the following IRS website for the 9 factors which you can use to determine if this is a business - https://www.irs.gov/faqs/small-business-self-employed-other-business/income-expenses/income-expenses
‎December 29, 2022
9:02 AM