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Updated almost 4 years ago on . Most recent reply

User Stats

117
Posts
57
Votes
Rehaan Khan
  • Investor
  • USA
57
Votes |
117
Posts

How to file taxes under 'gross income' for house flippers?

Rehaan Khan
  • Investor
  • USA
Posted

Hello, 
Does anybody know how to file income from flips under 'gross income' on tax return as a self employed flipper? There is a section to report it under, 'sale of business property', but that doesn't add up to gross income under 1040 section c line 7 on the tax file. 

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