Urgent flipping house Tax question

I have a LLC and the only income is from a flipping house sold under the LLC. I have three numbers for the transaction I may enter as business income:

 

1. Sale Price of the house

2. Net Amount on the transaction in Hud 1 (Sale price - commission - seller paid closing cost)

3. Net profit of the transaction (Sale Price - purchase price - renovation cost - all other related expensis)

 

I did not receive any 1099 or any tax form from the attorney who handled the transaction.

 

What number should I enter as the BUSINESS INCOME of the LLC?

 

Thank you very much for your help.

所有跟帖： 

• Net profit of the transaction -va_landlord- ♂ (0 bytes) () 04/09/2012 postreply 07:32:48

• 回複：Urgent flipping house Tax question -gccard- ♀ (14 bytes) () 04/09/2012 postreply 08:20:22