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Old 03-08-2014, 12:07 AM
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Join Date: Mar 2014
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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

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