Welcome Guest. Register Now!  


For 2013 Tax Tips For Year 2013.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-08-2014, 12:07 AM
Junior Member
 
Join Date: Mar 2014
Posts: 2
trade/business of renovating and re-selling homes

1120 in business of flipping homes/properties. he buys, repairs, sells. this may take several years to sell. how is this full transaction reports on the 1120? when purchased but not yet sold? when sold? additional exp associated it? COGS, when? thanks



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
capital gains when selling a business games182 For 2013 1 02-28-2014 11:06 AM
Selling Homes / capital gains Exemption sogorman For 2013 1 12-26-2013 06:46 PM
How are sport utility vehicles (SUVs) that are used in a trade or business depreciated in 2012? TaxGuru Auto Expenses 0 09-27-2012 04:22 PM
How do i start an online selling business? Viviangpinto Sole-Proprietorship 1 12-13-2009 01:57 PM
Selling a Business? gailburt Sole-Proprietorship 0 10-01-2009 04:58 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.