How to show loss from a flip on my tax return

General Real Estate Investing
1

Hello everyone,
My business partner and I finished flipping a property at the enf of August 2007. As of today, it hasn’t sold. My questions is how to show the carrying costs and all the renovation costs on my tax return. Can I put it interest and taxes on my Schedule A? (I do not own a personal residence). What about the fact that he and I split the costs and he’s a real estate broker? Can I show half of the taxes and interest on my Schedule A?
Thanks!

2

Show your share of everything on Schedule C

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