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hrbrubaker
Level 1

How do i categorize real estate purchased to flip

 
2 Comments
Ashley H
QuickBooks Team

How do i categorize real estate purchased to flip

Hello there, @hrbrubaker.

 

I recommend reaching out to your accountant for the best advice on how to categorize this transaction in your QuickBooks Online. 

 

If you have any further questions or concerns, please let me know by leaving me a Reply. I'll keep a close eye out for your response! Have a great day.

Rustler
Level 15

How do i categorize real estate purchased to flip

the purchase price and all costs to flip should be posted to an asset account you create called WIP-address.

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