I flipped a house in 2018. Quickbooks says I owe over 8k taxes on it. When I import that into Turbo tax with my regular income i says i owe much much less.
I made 27k profit from a house flip in 2018. My tax burden according to quickbooks is over 8k. When I shoot that over to turbotax and add the 100k my wife and I made as teachers in 2018 It calculates that I owe nothing?