Help! Wholesaler needing help with taxes!
This is my first year operating as a wholesaler under an LLC I had created. I closed 5 wholesale deals last year totalling a profit of about 18k. My question is regarding taxes. I've never claimed wholesale income before and I am not familiar with the process. I have not recieved any tax returns from the title companies showing the income I made. Does the title compnay report my wholesale fees to the to IRS? I know Im a total amateur! Just wanting clarity on how the income is reported if at all. Thanks!