I bought two houses, renovated them and resold in 2016. Where do I report this income

[LinaJ2018 · Accepted solution]

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