Where to report sale of an investment real estate property under single owner LLC
It's a flipped property bought and sold in less than a year. I'm using the home and business tax version.
I don't see an option under business income to report this type of property for the 1099-S I received.
Thanks in advance for the help.
012407
1 Best answer
ThomasM125
Expert Alumni
Mar 18, 2025 1:18:44 PM
You enter that in the business section. You will see a screen that says Let's gather your business info. Choose the option that says Sale of Business Property, under Less Common Business Situations:
1 Replies
ThomasM125
Expert Alumni
Mar 18, 2025 1:18:44 PM
You enter that in the business section. You will see a screen that says Let's gather your business info. Choose the option that says Sale of Business Property, under Less Common Business Situations: