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Deductions & credits
When you search how to add real estate inventory sold / flipped in the help QA area there is nothing on this except Capital assets which they aren't. If its a business its inventory. I can't tell you how confused I am. I swear last year it was easier finding this and which self-employment income categories. It doesn't really give an option or its really hiding. Usually you can search for an answer and click a link to directly goto a section but I can't figure out where my tax man put it in his even though its still Box 1 - gross income it doesn't show/state this on this website for business inventory sold (homes). I wish this was clarified much more that would lead into cost basis. I currently just added them as other self-employment income (cash/checks which they aren't). Someone help please with a clear answer and possibly some screenshots of where I am inputting the homes sold as inventory. If there is a spot I don't understand why the help search area isn't picking up on these keywords for customers online. I know this isn't common but this is a normal business.