I started a LLC May 26, 2020, to flip houses. I purchased my first house July 2, 2020. After the purchase I paid to have the house remodeled and the work was complete in March of 2021. It is now listed for sale but has not sold yet. The only income my LLC earned in 2020 was $265 interest income on a business savings account. Do I have to file anything on my 2020 taxes relevant to the house (Expenses, builders insurance costs, etc.) or can I wait till the year in which the house is sold to file. Also, can I file the the $265 interest income from the LLC savings account as just personal interest income rather than listing it as a business income on my 2020 taxes?
Thanks
