Is a property a dealer or an investor property if you buy it, fix it up, and then sell it? The distinction between dealer and investor property is based on facts and circumstances, and it's a difficult distinction to make. However, if you only do it once in a while, the property may appear to be an investor's property.
Please don't hesitate to contact us, if you're thinking about buying an investment property and have tax problems.
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Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.
Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.