TurboTax Home and Business

[Sanjay Gupta]

I flipped property in 2017. We had two partners and used our personal name when buying. At time of buying, we did not have LLC setup.

later on we have LLC and LLC taxes are taken care by CPA.

How do we report sale of property which we did on our name , we have received 1099-S form ? We want to treat as business but at that time we did not have any LLC setup.

We should be able to deduct miles deductions.

There was also some tax withheld Form 593 so need to see how this should also be accounted.

Thanks a lot.