Level 3

Question

REPORTING HOUSE THAT WAS PURCHASED AND FLIPPED

Forum|Forum|5 years ago
April 16, 2021
4 replies
19 views

I purchased a house and made improvements and have now sold the house. How do I report this sale?

ProSeries Basic

This topic has been closed for replies.

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fredr

Level 5

Ask turbo tax

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bubAuthor

Level 3

What forms are used in pro series basic it seems the program only supports 1099B information

qbteachmt

Level 15

@bub

Please, Stop Asking again and again. This is not Live Chat. It's not Customer Support. It's not Tech Support. It's Peer Users. You are posting the same question over and over in your own topic. Everyone is a bit busy on their own stuff, right now.

Read this topic, towards the bottom, to see how the 1099-B input tool is the Sched D worksheet, and read the Intuit person's comments:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/the-2020-change-in-proseries-to-schedule-d-entry-is-awful/00/106529

Don't yell at us; we're volunteers

sjrcpa

Level 15

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

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

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bubAuthor

Level 3

I’m looking for how to report the sale. It seems Proseries basic only supports 1099 – B info.

George4Tacks

Level 15

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-do-i-record-the-sale-of-a-house-that-i-flipped-looking-for-info-on-how-to-enter-the-sale-account/00/454152

Answers are easy. Questions are hard!

qbteachmt

Level 15

Bub as a username seems to be using ProSeries. However, Bub could first try the Web, to see what the googles tell you to take into consideration first:

Are you doing this as a business or was this a one-time thing?

Don't yell at us; we're volunteers

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bubAuthor

Level 3

One time flip. Was wondering what forms to use in Proseries basic as it seem to be set up only for reporting 1099-B info

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