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Investors & landlords
If you registered the LLC with the state and got it an EIN for it then you have a flipping business which needs to be reported on a Sch C. If you just wanted to flip one investment property per tax year and not make this a business then this should all be done thru your SS# and is reported on a Sch D. Please talk to a local tax pro to get educated on what you did and what you should be doing.
‎August 30, 2022
5:51 PM
738 Views