Sch C or Sch D

[Brian EA]

Client says he is an investor. During the year he bought and sold 2 houses .He made a gross profit of 45G.That's all the income he made for the year
On dec 27th he formed an LLC.
Should he file a sch C or sch D .

thanks
brian

[KBTS]

Searched for "flipping" on the board yielded these links (among others):

http://www.thetaxbook.com/forums/showthread.php?t=7303&highlight=flipping

http://www.thetaxbook.com/forums/showthread.php?t=4308&highlight=flipping