My wife is a real estate agent and her business is captured on schedule C on our married filing joint return. This year we entered into the house flipping business and while we are taking a loss on this first deal we intend to do one or two more in 2023. Does the house flipping business get captured in a separate schedule C from her ongoing real estate sales business or does it all end up on a single form? How will Turbotax guide me through the interview panels and distinguish between the two activities? Would she use a single business code in box B?
