Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Expensing Architect fees on a rental?
Expensing Architect fees on a rental?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
sharmoren0112
Level 4
04-03-2024
08:44 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client has a rental property & is adding on to it. Are the architect fees deductible in the year they were paid? Please advise. Thank you!
Labels
3 Comments 3
sharmoren0112
Level 4
04-03-2024
03:44 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I apologize for not giving you the whole picture. Is this still true if it crosses two tax years? Architect fees were paid in 2023, but construction may or may not be dine in 2024. If the client decides NOT to build-on, but sells the existing rental & replaces it with a larger property, how would I account for that?
