selling homes

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  • pookiemaw
    Junior Member
    • Jul 2008
    • 13
    #1

    selling homes

    Client buys land and builds 1 or 2 homes per year. He has another full time job. Would this sale be reported on Schedule D? He always has a gain.
    Last edited by pookiemaw; 03-30-2012, 01:08 PM.
    Tags: None
    • KBTS
      Senior Member
      • Nov 2005
      • 564
      #2
      No - this is a Sch C business. See this recent link:

      Main Forum / Tax Discussion - TMI Message Board
      http://www.thetaxbook.com/forums/showthread.php?t=19829
      Primary Forum for posting questions regarding tax issues. Message Board participants can then respond to your questions. You can also respond to questions posted by others. Please use the Contact Us link above for customer support questions.

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