I have rental properties so i use the turbo tax for rentals. I just purchased an investment property that i plan to flip, where do i add that??

[AmyC]

You purchased inventory for your business. If you didn't know you have a business and you are the sole proprietor, you have a Sch C. 

Things to know:

• Generally, a flip is a short term holding
• It is taxed as ordinary income and because it is from inventory for a business
•  it is subject to self-employment tax on the gains, What is the self-employment tax?
• You will deduct the cost of the inventory when sold along with the expenses to remodel

A flip is not a rental so good job asking.