Question
House flipping reporting
Hello,
I can't seem to figure out how to report sales from house flipping, buying a house, fixing it and reselling it. not sale of personal home.
It used to be on Sch D, but that seems to have entry for stock sales using the 1009-B entry option, 8649 is not editable to flow to the Sch D.
If I enter it on 1099-B it shows up as 8649 box F checked, it was not reported on any thing received at closing.
Suggestions?
