Hal_Al
Level 15

Investors & landlords

Most likely, you report the short term capital gain or loss on form 8949 and Schedule D.   Alternatively, you report it as business profit  on Schedule C. 

For more info, see a similar question at: 

https://ttlc.intuit.com/questions/3399983-tax-issues-regarding-flipping-of-a-house 

And references at:

https://www.hrblock.com/tax-center/income/real-estate/flipping-houses-taxes/

https://fitsmallbusiness.com/taxes-on-flipping-houses/  https://www.lendinghome.com/blog/how-to-maximize-house-flipping-tax-benefits/