Dear Sir/Madam,
For LLC taxed as S corp (1120S),
where do I enter house flipping purchase price, sale price, and expenses?
I am using TurboTax Business.
This is my First flip (purchased and sold in the same year, which is 2018).
It should not be on the "Rental Real Estate" tab, right?
Is it "Income" tab --> Business Income -->Product sale?
Thank you very much for your guidance!
Bob
