How do I report house flipping on 1040? Can they qualify as Investor? OR are they a Dealer? Where does a Dealer report the transactions?

No text available

This topic has been closed for replies.

Best answer by sjrcpa

The facts determine if they are a dealer or investor.

Dealer would report on Schedule c. Investor would report on ScheduleD/Form 6949.

Level 15

The facts determine if they are a dealer or investor.

Dealer would report on Schedule c. Investor would report on ScheduleD/Form 6949.

The more I know the more I don’t know.

Level 15

@Sam2638 Susan meant F.8949.

---------------------------------------------------------------------------------Still an AllStar

Level 15

As Susan says, it depends on facts and circumstances. It's the same assessment you make as to whether these activities constitute a ToB.

---------------------------------------------------------------------------------Still an AllStar

Level 2

Thank you both for taking the time to provide guidance.

Sign up