What kind of taxes are involved when rehabbing homes? Does these get filed on your standard tax form?
rehab income is ordinary income, taxed at your marginal rate on Sch C, and subject to self employment tax.
What kind of taxes are involved when rehabbing homes? Does these get filed on your standard tax form?
rehab income is ordinary income, taxed at your marginal rate on Sch C, and subject to self employment tax.