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1065 real estate asset sale- what is the best way to enter a sale of a real estate asset. It was being constructed and had never been entered as a rental property.
Client is a 1065. They buy real estate and they do construction and then flips them. The properties were never used as rental properties, just purchased, built, and then sold. What is the best way to enter these into proseries, so they flow to the proper schedule to show gain/loss from real estate sale.
