@pauw123 wrote:
of course we have legal counsel! but that was not the question here 🙂
The question was how you report your income and expenses from the sales of real estate you purchase, develop, and resell and it was answered; you report on Schedule C.
Rental income you receive from the properties that are purchased or improved with an intent to resell is also reported on Schedule C and is subject to self-employment tax.
As an aside, who is "we"? You did make that reference more than once in your original question. Are you actually a sole proprietor or do you have a partner or partners?
