Built a house and sold it a year after (Taxes)

[Frank Benitez]

Hi,

I finished my first spec house last year and sold it this year and I would like to carry over all the expenses and profit to the 2021 taxes.

I will be filling out an schedule C and a 1040 form but I don't know exactly how to include all the expenses for next year's taxes (2021). I don't want to include any of this on the 2020 taxes.

This is under a LLC.

I already sent out all the 1099-NECs and 1096 to the IRS

I appreciate any guidance on this matter.

Thanks a lot.