dina-beerle
Level 1
12-07-2019
07:29 AM
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tax payer is making LHI for a future dental office. He has a construction loan. The construction will be finalized in the next tax year, so not depreciable this year.
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sjrcpa
Level 15
12-07-2019
07:29 AM
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To track the cost in Lacerte, I put it on the depreciation schedule and use 99 for the method if there is no Balance Sheet.. On the Balance Sheet i call it Construction in Process.
The more I know the more I don’t know.
