What to Provide on Current Tax Return for a Flip in Progress

[Barry Mason]

I'm trying to do my own taxes and want to know if I provide anything on this year's return about my flip-in-progress's cost in 2016 (even though it's not sold yet but I purchased it and had many expenses in 2016) or I wait and report everything at once (basis cost and profit made) on the return for year it's sold. I also note I have a dedicated LLC through which all transactions were made and this is my first solo flip. Thanks in advance.