mickey
Level 4
06-01-2023
05:23 PM
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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?
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IRonMaN
Level 15
06-01-2023
05:29 PM
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Record an asset, construction in progress. Depreciation won’t start until the building is put into use.
Slava Ukraini!
qbteachmt
Level 15
06-01-2023
08:20 PM
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"Do I just leave the charges as un depreciable asset for now?"
Think of that as Investments. Not charges. It is the invested cost.
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