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Deductions & credits
You do not report anything on your 2018 tax return, if the house wasn't sold in 2018. Keep good records of your expenses, as they will form your cost basis (or "cost of goods sold") when you do sell it. You do not issue yourself a form 1099.
For more on this subject see https://fitsmallbusiness.com/taxes-on-flipping-houses/
‎June 4, 2019
10:37 PM