Investment Property: How Much Can You Write Off on Your Taxes?
Zillow
JULY 11, 2019
If you're flipping the property and you've owned it for less than a year, you pay short-term capital gains tax, which is the same rate as your marginal income tax rate. If you're in the 28% tax bracket, you'll pay a 28% tax on short-term capital gains. Property taxes. Other tax deductions.
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