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.
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.
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.
0
Cheers
You are leaving Intuit Accountants Community.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.
