Just opened an LLC to flip my first house

Hi everyone!

Just closed my first flip!

Me and my partner created an LLC and purchased it in that name.

How will I file my taxes if we make money on this first flip? Is it the regular way I always file my taxes as ordinary income?

We opened a separate bank account and credit card to separate it from our personal expenses.

Also, will I have deductions on my taxes? Sorry taxes always confused me.

Thanks in advance for any guidance!