WHOLESALING SHORT SALING

HELLO TO EVERYONE,
WHEN REAL ESTATE INVESTOR WHOLESALE/SHORT SALE THE PROFIT THAT INVESTOR MAKES I WOULD ASSUME THAT IT IS TAXABLE, BUT IM NOT EXACTLY SURE. ANOTHER THING IS DO REI HAVE TO COME UP WITH A BUSINESS NAME OR CAN IT JUST ALL BE INDEPENDENT. FOR EX. LEGALLY AS A REI WHAT SHOULD I DO TO PROTECT ME FROM AND AUDITS.

All profit is taxable.

You can operate under a business name or your own. I suggest you stick with your own name for the time being. Compliance will drain resources that you could use to build your business.

Comply with the tax code and have citations to support aggressive positions.

Punkin,

I could write a book to address each of your questions (and in fact have on bookkeeping & entiities). Your questions are much too broad to properly answered here, except in a very broad manner. You might read up a bit and ask more specific questions that generate answers that are more directly useful to you.