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chocolatelab chocolatelab is offline
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Join Date: May 2009
Location: Murrieta, CA
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CPA in the House? Capital Gains question

I flipped some properties last year with some business partners. I want to characterize the proceeds as capital gains. My accountant thinks its a stretch and thinks it should be ordinary income.

Any thoughts from the accountants?
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Old 03-08-2011, 03:47 PM
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