anotherdude
Level 2
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would love to hire a real bonafide investor cpa and bookkeeper so I can go surfing
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well this is the logical answer I was thinking. I just efile the 1099s the year they were paid but deduct it on the flip in the year I sell it. Hopefully all th...
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Hi VanessaNo, I flip houses as inventory, but I also do rentals, and home improvement all separate entities. Typically when I'm doing my 1099s that year I have ...
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Oh man. I use to enjoy doing my own taxes on turbotax for over 15 years but I bombed accounting throughout college and even reading your link I still have no cl...
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MOST EXCELLENT! thanks I will do exactly that and thanks for screen shot. I just wish when you searched stuff in search bar it would offer what you just present...
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You completely avoided my more important question and obvious need: where/what part on the turbotax online do I input house inventory sold? Is it just "other se...
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- Got Cheered for Re: I'm a house flipper but my home won't sell till next year but I 1099-nec my subs so I deduct .... February 13, 2025 12:58 PM
- Posted Re: I'm a house flipper but my home won't sell till next year but I 1099-nec my subs so I deduct ... on Investors & landlords. February 12, 2025 5:42 PM
- Cheered Re: I'm a house flipper but my home won't sell till next year but I 1099-nec my subs so I deduct ... for AmeliesUncle. February 12, 2025 5:42 PM
- Posted Re: I'm a house flipper but my home won't sell till next year but I 1099-nec my subs so I deduct ... on Investors & landlords. February 12, 2025 8:03 AM
- Posted I'm a house flipper but my home won't sell till next year but I 1099-nec my subs so I deduct that contractor labor expense this year or next? on Investors & landlords. February 11, 2025 8:05 PM
- Cheered Re: Turbo tax needs to update search/help for real estate flippers / question for PattiF. February 18, 2023 7:16 PM
- Posted Re: Turbo tax needs to update search/help for real estate flippers / question on Deductions & credits. February 18, 2023 7:14 PM
- Posted Re: Turbo tax needs to update search/help for real estate flippers / question on Deductions & credits. February 18, 2023 6:08 PM
- Cheered Re: Turbo tax needs to update search/help for real estate flippers / question for DawnC. February 18, 2023 6:08 PM
- Posted Re: Turbo tax needs to update search/help for real estate flippers / question on Deductions & credits. February 18, 2023 12:30 PM
- Posted Turbo tax needs to update search/help for real estate flippers / question on Deductions & credits. February 18, 2023 8:49 AM
- Posted Re: How do I report the sale of a flip house? on Deductions & credits. February 18, 2023 8:24 AM