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Re: None

Saturday, 01/11/2014 11:34:48 AM

Saturday, January 11, 2014 11:34:48 AM

Post# of 120628
Every time you flip, that's 35% you owe the IRS. If you hold for a year and 1 day, then you owe the IRS 15% in taxes. Flippers/Daytraders are the most audited group for the IRS. I am not a CPA. But you should consult one if you are not familiar with the dangers of flipping. The IRS is watching. Trust me. GLTY.