I entered it in TurboTax as Sales of business property. But TurboTax does not include it in the QBI calculation. I searched online and found this post: https://learn.fundthatflip.com/real-estate-investing-blog/how-the-2018-tax-law-changes-will-affect-y.... It says the flipping house profit should be counted in QBI. Can anyone from TurboTax help me? By the way, our taxable income is below $315K filing jointly. Thank you very much.
Still have questions?Make a post