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Article Date:
August 2014


Word Count:
591

 

 

Is a Fix-up and Sale an Investor or a Dealer Property?


Background

 

I’m an independent computer consultant who nets $100,000 from my proprietorship.

 

I bought a house in March 2012, fixed it up, and sold it in April 2013 at a net profit of $45,000.

 

I bought another house in May 2013, fixed it up, and sold it in June 2014 at a net profit of $55,000.

 

Question

 

These are my first two properties. Does the IRS consider me a real estate dealer or a real estate investor?

 

Answer

 

This is a tough call.

 

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