I assume you mean you have a single-member LLC which would be reported as self-employment income on a Schedule C as part of your Form 1040 personal tax return. If you purchased the property to "Flip" it, such that it is not used for personal purposes, you would accumulate all of the costs associated with it and deduct them in the year that you sell the house. So, in 2024 wouldn't report anything for it on your tax return.
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