Flipping homes, taxes, capital gains

[Simon Obas]

Peace. I'm interested in knowing how you all house flippers are filing taxes. I flipped a home in January and selling another one in 2 weeks. I purchased both homes under my LLC and will sell them under my LLC too. I'm hearing I should file taxes as an s Corp to avoid/lessen capital gain taxes. I will go speak to a cpa for sure however, I'm curious as to what other investors are doing. Any information is greatly appreciated.