TaxGuyBill
Level 15
05-25-2021
10:09 AM
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@CL44 wrote:
can you give me some guidance on my clients situation?
he is operating under an LLC and has bought, fixed, and sold 11 homes this year. This is his only source of income. how do I report his expenses in running this business as well as what he pays his assistant and himself. (no payroll here) how do I deduct his expenses in running the business from the sales.?
thanks
See your main post here:
https://proconnect.intuit.com/community/tax-talk/discussion/flipping-houses/01/166240