The sale of a flipped home is reported as self-employed income on your personal tax return on Schedule C.
The sale price is reported as income. The cost of the home plus improvements you have paid is reported as Cost of Goods sold. You can also deduct any other related expenses such as property taxes, interest, advertising, brokers' commissions, etc...
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
