TAXMAN Posted March 3, 2022 Report Share Posted March 3, 2022 Have a tp that runs a landscaping business.(primary) Sometimes tp will build a spec house and sell it.(short time) Question is shouldn't this also be on a schedule c.(gain) which makes it subject to se tax.? your thoughts 1 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted March 3, 2022 Report Share Posted March 3, 2022 How often is "sometimes?" Quote Link to comment Share on other sites More sharing options...
Lee B Posted March 3, 2022 Report Share Posted March 3, 2022 Are you talking about fixing up and flipping a house or building a new house? If he is building a new house, then I would say that's SE income. Quote Link to comment Share on other sites More sharing options...
TAXMAN Posted March 3, 2022 Author Report Share Posted March 3, 2022 tp bought 3 lots. built 3 houses on them and sold them in 2021. In talking with TP it appears there will be about 5 or 6 of these in 2022. I say it belongs on a schedule c subject to se. prior to 2021 , 1 every other year. 4 Quote Link to comment Share on other sites More sharing options...
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