Tax Question for REA/FLIPPER

[Mathew Allen]

Hello, just starting my tax return for the year.  I realize I may need to go the route of a CPA, but I'm trying Turbo Tax first and looking for advice.  

My question is this:  I'm a part-time real estate agent/investor/flipper.  We flipped our first house this year netting a profit.  We owned the house 11 months, so it's taxed as short term capital gains (ordinary income).  Can I claim the income from the flip, as well as commission from the few houses that I sold this year under a business separate from my normal W-2 income?  Basically this would allow me to take advantage of the home office deduction and several other deductions to get the taxable income down.  Thanks in advance!