Help With A Tax Question?
Hello all, I hear a lot of questions about buying property and then reselling a few months later for more then the original purchase price. My question is how do you deal with the taxes on the resell? Do you allocate money in your purchase offer or do you just take the tax hit when you sell?, Also does anyone know what the tax percentage in CA. is (ex 10% or 20%). Thank you all for your help and keep your eye on the prize.
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