ok so does anyone in GA know if i become a retail broker/dealer what
are the taxes?
for example i buy a MH for 2k and sell for 5k
paper gain is 3k -is that taxed at fed rate 28% as income or 15% cap gain
and im sure GA wants something out of it as well
it just seems like the tax thing has got me reconsidering the whole plan
and what if the buyer gives you back the property that youve already paid tax on say 6 months down the road
can you claim that on the next years taxes or what?
would appreciate any help!