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flipping a house?

mcd1231
Level 4

My clients are not house flippers but when the right opportunity arose to buy a house for a really good price, they jumped on it.  They purchased a run down house and renovated it.  It took over 2 years to renovate it and then they sold it at a profit.  Since they are not flippers and do not intend to do it again, will I report this sale on Schedule D and not C on their 2021 taxes? ( just trying to stay ahead of the game here)

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1 Comment 1
Just-Lisa-Now-
Level 15
Level 15
Sch D

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪