Reporting flipped houses on 1120S

[Julie Doke]

We are an LLC and for tax purposes we are treated as an S-Corp. We flipped one houses last year (first year in business) I am trying to wrap my head around understanding how/where flipped houses are reported on form 1120S. I was told the house would be treated as inventory and reported on 1125A but I shouldn't there be a greater break down of cost to show the profit & loss? What am I missing? Am I making this harder than it really is? Thanks