topic Built a house with a partner in 1016 and flipped it in 2018 for a loss. Loss split 60/40. Where and how do I report the loss on my tax return. I'm an LLC in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/built-a-house-with-a-partner-in-1016-and-flipped-it-in-2018-for-a-loss-loss-split-60-40-where-and/01/171014#M22861 Sat, 01 Jun 2019 15:18:02 GMT woodsd_1 2019-06-01T15:18:02Z Built a house with a partner in 1016 and flipped it in 2018 for a loss. Loss split 60/40. Where and how do I report the loss on my tax return. I'm an LLC https://ttlc.intuit.com/community/tax-credits-deductions/discussion/built-a-house-with-a-partner-in-1016-and-flipped-it-in-2018-for-a-loss-loss-split-60-40-where-and/01/171014#M22861 Sat, 01 Jun 2019 15:18:02 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/built-a-house-with-a-partner-in-1016-and-flipped-it-in-2018-for-a-loss-loss-split-60-40-where-and/01/171014#M22861 woodsd_1 2019-06-01T15:18:02Z Does the original cost of the house (before renovation co... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/does-the-original-cost-of-the-house-before-renovation-co/01/171022#M22864 Does the original cost of the house (before renovation cost) reported as inventory under cost of goods sold? Sat, 01 Jun 2019 15:18:04 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/does-the-original-cost-of-the-house-before-renovation-co/01/171022#M22864 woodsd_1 2019-06-01T15:18:04Z I couldn't answer this any better than DeeS did. The info... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-couldn-t-answer-this-any-better-than-dees-did-the-info/01/171028#M22865 <P>I couldn't answer this any better than DeeS did. The information is still current. If you are doing this as part of the LLC, it will be on your Schedule C.</P><P>If you have other questions about this, ask in the comment section below.</P><P> <A href="https://ttlc.intuit.com/replies/5188228" target="_blank">https://ttlc.intuit.com/replies/5188228</A> <BR /> </P> Sat, 01 Jun 2019 15:18:06 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-couldn-t-answer-this-any-better-than-dees-did-the-info/01/171028#M22865 Cindy0H 2019-06-01T15:18:06Z "Built a house with a partner" Wouldn't they first have t... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/built-a-house-with-a-partner-wouldn-t-they-first-have-t/01/171034#M22867 "Built a house with a partner" <BR />Wouldn't they first have to file a partnership return (including for prior years)? Sat, 01 Jun 2019 15:18:07 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/built-a-house-with-a-partner-wouldn-t-they-first-have-t/01/171034#M22867 SweetieJean 2019-06-01T15:18:07Z