Fit Small Business: Get Your Business Into Shape! › Forums › Ask a Question › Are losses, as a "dealer", deducted as expenses and not capital losses ? › Reply To: Are losses, as a "dealer", deducted as expenses and not capital losses ?
Hi John: Thanks for your question. The tax situation for a house flipper can have some variables and I’m not a CPA so unfortunately, I can’t give you a decisive yes or no. I would recommend working with a CPA who has experience with house flippers.
Best of luck,