shf1957
Level 7
04-16-2021
06:32 PM
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Client, who is a small time contractor, came across a good price on a house and lot that needed repair. He and his wife purchased it, remodeled it and sold it for a gain. He spent most of the year fixing it. Where on the schedule D do I report the gain. And /or since he did keep track of his time and what he would have charged, do I put some of it on a schedule C. HELP!!
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