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Do I document a one-time flip as investment income, selecting the "everything else" button?
I bought and sold (flipped) a house in 2016. It was a one-time deal, there will be no more flips. It was not my main home nor a vacation home. From what I read, I document the gain as investment income and select the "everything else" button on the "choose the type of investment you sold" screen then just follow the prompts on the following screens. Is that correct?"
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‎June 1, 2019
12:01 AM