Investors Owe $66K in TAX?! Bright Line Test Tricks ⎜ Ep. 1346
In this episode, we discuss the bright line test and 2 investors who would accidentally have to pay about $66k in tax. This includes some of the more technical aspects of the bright line, including how the IRD treats subdivisions, flipping your family home and selling a holiday home. Ultimately, this helps you better understand how much tax you might have to pay when buying and selling properties.