Hello,ok thanks so much, so when I sell the first 1 I only enter the cost figures for that property in the COGS. I have one last question if we purchased 4 prop...

Hello,If our llc is a single person owned llc and we file the income through the 1040-C, we would add the purchases not sold under inventory and the sold proper...

Hello I had a question on this if my only bussiness is flipping land and I have a llc but am the sole owner I would only be filing the 1040 and will enter this ...