taxes on ivestment properties

[duncan10357]

florida, mantee co.
we are looking at buying, low cost fixing & flipping single & duplex' homes. what is the tax implication on the profits and can we just further invest any money made thereby avoiding any tax ?
Duncan & dawn

 

[HomeGuru]

florida, mantee co.
we are looking at buying, low cost fixing & flipping single & duplex' homes. what is the tax implication on the profits and can we just further invest any money made thereby avoiding any tax ?
Duncan & dawn

**A: please post on the Tax Law board.