If you purchased these homes intending to renovate and re-sell (as opposed to living in them), you would report it under the section or Business / Schedule C:
To enter information In TurboTax Self-Employed edition, go to:
1. After sign in, select Take me to my
return
2. Across the top, in the search box , type in schedule
c and Enter
3. Select Jump to schedule c
4. Follow prompts to answer questions about your
business
