When is investment considered to be "at-risk?

Is flipping houses considered an investment?

I am trying to figure out if a Partnership LLC is taxed as Self Employment tax AND Income tax or just one of them and which one. Also Is flipping houses considered an investment ...show more
Answer:

If it is your occupation, then those aren't considered investment properties. If you hold them for more than 2 years, you can call them investment properties if they are rented out and going concerns. If you buy a house and flip it without a resident, it is definitely not an "investment." You need to pay SE tax on your income...because its income and you are self employed.

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