Article: Investors v. Dealers and the IRS
Real estate investors are entitled to favorable tax treatments for things lire-ke 1031 exchanges, long term capital gains tax rates, and the ability to declare income only as payments are received for a financed sale. Dealers, not so lucky. Find out what can cause the IRS to characterize you as a dealer and assess huge taxes, penalties and interest when they re-calculate your tax returns for you. Free article.
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