Sale of house purchased for investment

[Roy]

T/P purchased a home in 2015 to fix up and sold in 2016. It was never rented and taxpayer never lived in it. Do I report this sale
on Form 4797 or Sch D? Thanks.
Roy

[ATSMAN]

T/P purchased a home in 2015 to fix up and sold in 2016. It was never rented and taxpayer never lived in it. Do I report this sale
on Form 4797 or Sch D? Thanks.
Roy

Sch D if this is a one off thing. However if the taxpayer is a professional flipper then 4797 and Sch C.

[Roland Slugg]

However if the taxpayer is a professional flipper then 4797 and Sch C.

No. If the T/P is in the business of buying and selling houses, everything should be reported on Schedule C, not F-4797.