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    #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.
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    #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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