typical tax approaches of flippers

Bird Dogs, Wholesaling
21

The tax benifits we have are that we are running a home based business.

You can fill out a form C for self employed, that opens up a lot of areas you can write thigns off…

Golf , Eating out, Supplies , car , mileage when on driving for dollars , etc etc etc.

I’m not a CPA so contact them first, but I’ve been involved in a homebased business for years where I take advantage of a bunch of goodies!

Good luck!

22

seems you can deduct your ‘home office space’, as long as it is used solely for your business. don’t quote me on that tho.

also moving expenses, if not paid by your business. if you’re self employed it’s a stiffer requirement