Sale of investment house

[asoaringhawk]

Using form 4797, how should the sale of a house purchased for investment (a flip so to speak) be classified if held less than one year or more than one year? As Section 1231 or Section 1250?

[solomon]

Using form 4797, how should the sale of a house purchased for investment (a flip so to speak) be classified if held less than one year or more than one year? As Section 1231 or Section 1250?

Is this a trade/business or a one time event?

[Bees Knees]

Using form 4797, how should the sale of a house purchased for investment (a flip so to speak) be classified if held less than one year or more than one year? As Section 1231 or Section 1250?

Are you asking about your own tax return?

[gkaiseril]

Using form 4797, how should the sale of a house purchased for investment (a flip so to speak) be classified if held less than one year or more than one year? As Section 1231 or Section 1250?

Was this an "investment" or used in a business?

Are you a Real Estate professional?

If so, is the personal or business inventory?

What does a tax free exchange have to do with depreciable property?

Was this "investment" depreciated?

Are you exchanging this property for anothe similar property?

The year holding period is the number of days from the purchase date to the sale date.

You appear to be very confused. Consider consulting a tax professional.