@jack.bosch: 💡 Dealer Status with the IRS: What You Need to Know 🏡 Flipping properties often? The IRS may classify you as a dealer, affecting your taxes: 👉 Dealer status can mean no seller financing deals 👉 You could be taxed on full profit, even if not fully paid. Plan wisely to avoid hefty tax bills! With land there is a workaround! Follow for more tips on how to avoid that big tax bill.