Dr. Johnson is a faculty member at Huntingdon College. He currently makes $125,000 and is interested in alternative methods of income. He has recently become interested in streams of passive income. For this reason, he and his wife Susanne have decided to delve in property flipping and renting. Below you will find a series of purchases that they will acquire in the following years. Create a tax plan on how to maximize profit, while minimizing expenses related to these acquisitions and subsequent sells, Please note that this will require an additional level of research, however it does not require the completion of a 1040. Your submission should be submitted in this window in a narrative format. 2022 duplex $250,000 2022 Single Home $300,000 2023 Single Home $450,000 2024 Single Home $600,000 2026 Single Home 800,000