Where on turbo website do i enter capital gains from a sale on a flip house??

[VolvoGirl]

First of all you need to upgrade to Premier to enter sales and gains.  Here's my notes from prior years.  It should be the same or similar.

For Land or Investment house it goes under Investments (like a stock sale).  It would be "Other".

Federal Taxes Tab

Wages & Income

Then scroll down to Investment Income,

Then Stocks, Mutual Funds, Bonds, Other - click Start or Update

First pick...I'll type it in myself.  Then there is a screen which asks what financial institution.  Pick the second one from the drop down list for No Financial Institution.

[ThomasM125]

On your Income and Expenses page, look for Investment Income, then choose Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.

You will be asked to enter a description, cost, date acquired, proceeds of the sale and date the property was sold. 

[Hal_Al]

You MAY have to report it as a  business profit on Schedule C.  Alternatively, you report it as a capital gain on form 8949 and Schedule D, as described in the other replies.

For more info, in making the determination on where to report it, see a similar question at: https://ttlc.intuit.com/questions/3399983-tax-issues-regarding-flipping-of-a-house 

And references at:

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

https://fitsmallbusiness.com/taxes-on-flipping-houses/  https://www.lendinghome.com/blog/how-to-maximize-house-flipping-tax-benefits/