Thanks for bringing it up. How about when I pay my LLC tax in April? Can I make the sales tax back? I am losing money honestly and this is because of personal issue I have right now. I was thinking if I get back my tax sale, it would cover my loss.
So you’re basically saying there is no way to not paying the tax if you want to flip the car for profit?
1- Consult your tax attorney for those type of questions.
2- How is it a flip if you can’t even break even after taxes? A flip should have way more equity than just the tax savings otherwise it ain’t a flip, just a waste of your time.