The improvement, listing efforts to include photography and showing was all done by me. A substantial amount of work was done by me in the effort of improving and selling this property and the proceeds served as the gross majority of my income for this year. Improving and selling the property was my primary profession during the process. Looking at Flood, T.C. Memo. 2012-243, the court found that the income did not constitute capital gains but rather regular income for many of the same reasons this was my primary income in 2021.
is there any room to interpret these proceeds as regular income, because in my situation it was in my opinion.
