Tax question on flipping property

[Brittany Darling]

Hello! We bought a vacation rental property in June of 2018, and we purchased a property with the intention to rehab it and rent it as well in November of 2018. The first property is doing well....but, we've decided to sell the second one which will be ready in April. I have all the info to report income and expenses on the rental (using a CPA), but my question is on the flip. Do we report the purchase and 2018 expenses on 2018 tax return or do I report it when we sell it (on the 2019 return). I need to get the stuff to the CPA in the next week or so, just don't know what exactly to give him on the second property!

Thanks!

Brittany