wanted to know if the extra money you make from wholesale taxed
and how does that process work if your personal trust does the deal is the trust taxed
Net Income (Amount received less costs of purchase, rehab, sale, etc.) from any sort of flip (wholesale, retail, rehab, etc.) or assignment is taxed as “ordinary income”, which is to say at your “bracket” plus social security taxes in most cases. The presence of a trust is usually ignored for tax purposes, we’d need details to know for sure. In the few cases when the trust is not ignored by the IRS, tax bracket is usually higher, not lower - few things are as overrated as guru use of trusts.