M-MTax
Level 12

Get your taxes done using TurboTax

Yeah, you're NOT a dealer (at least not without more than you posted).

 

Real estate dealers are in the trade or business of buying and selling properties to customers and hold the property primarily for resale; dealers treat the property as inventory.

 

One single, solitary buy and sell will not be considered a flip and won't elevate you to the status of "dealer" without more. In fact, reporting it in that manner has the possibility of ramifications with the IRS, particularly since you have a net loss.