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Get your taxes done using TurboTax
Unless you incorporated the single member LLC is a disregarded entity so the flip will go on the Sch D and the current rental on the Sch E.
As for the truck ... what are you doing with it now ? You really don't have a business against which you can deduct the costs from ... so did you sell it already? Or are you planning on doing more flips ?
‎October 23, 2021
5:24 PM