Solved
If I buy a house with my LLC with the intention to flip it, do I need to report this on my taxes as an asset of the LLC?
If so, how do I do this in TT H&B?
It depends but if your LLC is a disregarded entity and filing on a Schedule C or E and the house is only held as an investment, then you will not need to include this asset as part of your profit and loss statement until you actually sell the investment asset.
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