topic Re: Flipping homes in Get your taxes done using TurboTax

Flipping homes

Chevyman0926 — Tue, 10 Mar 2026 06:37:24 GMT

When you flip homes as a business do you add it to the SCH C or do you add it to sch d on the home sales?

Re: Flipping homes

Mike9241 — Tue, 04 Oct 2022 18:46:12 GMT

please see these blogs

https://activerain.com/blogsview/5720593/flipping-houses-gains-is-it-capital-gain-or-ordinary-income-

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

Re: Flipping homes

Chevyman0926 — Tue, 04 Oct 2022 18:54:41 GMT

I have a LLC, I used it to purchase the house and sell it. Should I used the SCh C portion or the SCh D.

Re: Flipping homes

Critter-3 — Tue, 04 Oct 2022 19:27:00 GMT

If this is a single member LLC that did not incorporate and you are in the business of flipping homes it goes on the Sch C.

Re: Flipping homes

Chevyman0926 — Tue, 04 Oct 2022 19:28:38 GMT

okay so the home sales are only for my personal under my name sales. This was so confusing. Thank you guys for the help.

Re: Flipping homes

Critter-3 — Tue, 04 Oct 2022 19:31:04 GMT

If you just did ONE flip and are not doing more then it is a Sch D entry otherwise if you do more than one and are doing this to "make a living" then it goes on a Sch C ... please read the info in the links previously posted, talk to a tax pro face to face and/or do some more reaseach on your own.