Have a tp that runs a landscaping business.(primary) Sometimes tp will build a spec house and sell it.(short time) Question is shouldn't this also be on a schedule c.(gain) which makes it subject to se tax.?
tp bought 3 lots. built 3 houses on them and sold them in 2021. In talking with TP it appears there will be about 5 or 6 of these in 2022. I say it belongs on a schedule c subject to se. prior to 2021 , 1 every other year. Your thoughts
tp bought 3 lots. built 3 houses on them and sold them in 2021. In talking with TP it appears there will be about 5 or 6 of these in 2022. I say it belongs on a schedule c subject to se. prior to 2021 , 1 every other year. Your thoughts
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