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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Re: Expensing Architect fees on a rental?
Expensing Architect fees on a rental?
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sharmoren0112
Level 4
04-03-2024
08:44 AM
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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!
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sharmoren0112
Level 4
04-03-2024
03:44 PM
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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?
