Tax Reduction Letter

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Article Date: May 2010
Word Count: 1693

Defining “Real Estate Investor” and “Real Estate Dealer”

Let’s start with the big-time tax consequences.

Profits on dealer sales are generally subject to taxes at both

ordinary income rates of up to 35 percent, and

self-employment rates of up to 14.13 percent.1

In addition, dealers may not

depreciate property held for sale to customers,

use the tax-favored installment method to report their property dispositions, or

defer taxes by using the Section 1031 tax-deferred ... Log in to view full article.

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