Oh man. I use to enjoy doing my own taxes on turbotax for over 15 years but I bombed accounting throughout college and even reading your link I still have no clue how to properly use turbotax software flipping houses. And its a business I do understand its inventory doing 3-4 homes a year but the tax man did it last year for me (unfortunately having to audit him and fix them twice). 99% of my supplies are directly used for home remodel flips but I do have carrying costs. I'm just turning this stupid software off and bring my return to the guy and making sure he does my interest statements right this year. He's $300 and this is going to cost me $300 once its ready to file. good grief but thanks for your reply. I do wish there was step by step. Flipping business in software seems SO tricky and not straight forward unlike a normal business I've had in the past. ciao my turbotax friends.
