Taxes for flipping schedule C vs investment

[Patricia Vildozo]

Hello Community,

I opened an LLC, purchased a flip with it in 2018, had a bunch of issues while rehabbing it, when we were done with it, it didn't sell quickly, we try to refinance it, bank made me quit claim deed it to my name and the refinancing feel through. Finally, it sold at the beginning of 2019.

I know that is better to talk to a tax professional but my tax professional seems to be lost. On your experience, would it be better to consider it an investment or file schedule c ( purchased under company name and sold under mine, only one flip that year)? I haven’t included the costs for this flip in 2018, do I need to amend it if included in Schedule C?

What type of expense the 2018 property taxes would be I schedule c ?

I would really appreciate tour input .