Note sull'episodio
Are You a Real Estate Dealer or Investor? Why It Matters More Than You Think
Episode Description: In this episode of How to Lower Your Tax Bill, Terrence Hutchins explores a key distinction that could dramatically affect how much tax you owe on your real estate income: are you a dealer or an investor? If you’re flipping houses or building a rental portfolio—or doing both—how the IRS classifies your activity can mean the difference between capital gains taxes or ordinary income plus self-employment tax.
Terrence walks through how the IRS makes this classification, what the tax consequences are, and what you can do to protect your profits. He also shares a powerful seven-point filter for analyzing real estate investments and wraps up with a fascinating tax court case that could help you if the ...