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Thanks for your help on this issue.The client's intent when they bought the house was to fix and flip it for profit. They never rented it out at all during the ...
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What is the advantages or filing Schd C vs Schd D?. Also which section on Schedule C do you enter this information? I don't see anything like 1099-S.
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I received a FORM 1099-S -Proceeds From Real Estate Transactions- from a client. This is in reference to a house he bought and sold for profit(Not his personal ...