Where to put expenses for efficient tax prep?

[Tracey Hamilton]

My husband and I have an LLC for our flip business, which is also a licensed general contractor business, in Oregon. I personally also have my Oregon real estate broker's license, which I obtained to help with the business of finding and selling these flips.

My first question is, we set up the LLC as a 2-member LLC, so I will need to file the taxes on that as a Partnership, correct?

Second question is, can I put my real estate expenses under this LLC, so I don't have to prepare a separate Schedule C for that? All real estate expenses are ONLY for our flips, I have not done, and will not do any outside transactions.

I think that's it for now!  THANKS!

Tracey in Oregon