How to report a building in progress on tax returns
A client is constructing a medical office. How to report the work in progress on his corporate returns?
Do I just leave the charges as un depreciable asset for now?
A client is constructing a medical office. How to report the work in progress on his corporate returns?
Do I just leave the charges as un depreciable asset for now?
Record an asset, construction in progress. Depreciation won’t start until the building is put into use.
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