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Updated almost 10 years ago,

Ruthie Piccard's profile image
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Ruthie Piccard
  • from Riverside, California
  • Member since Mar 15, 2015
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Ruthie Piccard's profile image
Ruthie Piccard's profile image
Ruthie Piccard
  • from Riverside, California
  • Member since Mar 15, 2015
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Ruthie Piccard
  • Riverside, CA
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Tax Question

Ruthie Piccard
  • Riverside, CA
Posted

In 2013 I purchased a flip for cash with monies borrowed. This project has taken two years to complete. In 2014 I created an S Corporation and moved the flip to the new corporation. Now this property is just about to be sold in 2015. I now have to prepare taxes for the S Corp., but the only thing I have to report are the expenses on the flip. How do I report the expenses? Please advice.

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