Junior Member
For flipping real estate, is there a way to avoid the 15.3% tax that the IRS taxes you because they think you run a business, when in reality you are investing? Because if they tax me that 15.3% self-employment plus 35% income tax, that is 50.3% in taxes going to the government excluding state taxes. That is ridiculous. Is there a way to tell the IRS that you are an investor, not a business owner?
Last edited by RussianMV; 06-25-2010 at 08:57 AM.
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