Skip to main content
Level 3
May 7, 2023

Schedule C Building Materials

  • May 7, 2023
  • 1 reply
  • 3 views

Someone spends $15000 purchasing material to build a storage shed for their business but does not build until the following year, where do the expenses go?

    This topic has been closed for replies.

    1 reply

    IRonMaN
    Level 15
    May 7, 2023

    An asset account on the balance sheet - construction in process.

    Slava Ukraini!