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New Real estate Flipper with Schedule C - Am I at a benefit to using LOWER OF COST OR MARKET METHOD (LCM) or COST
PLEASE - ONLY CPA's OR ACTUAL TAX EXPERTS.
New to real estate flipping , I flipped a home in 2020.
I have the option of choosing LCM or cost method on 2020 return. Must use it thereafter on all returns.
WHICH is best for real estate flippers? and why?
Topics:
March 21, 2021
12:05 PM