How much in taxes do I have to pay if I flip a property in PA in the same year as I purchased it?I purchased a property in June 2014 in Philadelphia, PA for $115,000. I put $45,000 in to the place and plan to list it next month for between $210,000 & $230,000. If I am all in for $160,000 and can sell for say $210k, how much cash will I walk away with after realtor fees (figure 6%), capital gains tax, and other misc fees?I know the taxes can vary and would like to know what to expect when I sell. My accountant mentioned doing a 1031 and rolling the profit into another property, but I may not purchase another property until next year. July 22 2014 - Philadelphia00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.