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Re: Efiling
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STICK85
Level 1
09-14-2023
01:32 PM
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My client is a small business LLC partnership and is building a drive thru restaurant to lease out to a national tenant. He spent several thousands in soft cost last year 2022 ; architect fees, legal fees, permit fees, and other soft cost.
Construction began this year in March 2023.
Can we expense the soft cost on 2022 returns then capitalize direct building cost on 2023 return.
How does the TCJA impact this scenario for small businesses ?
2 Comments 2
Just-Lisa-Now-
Level 15
09-14-2023
02:03 PM
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@STICK85 youve tacked onto a completely unrelated thread, you may want to post your own question in order to get proper responses.
https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/02/203
Click the Ask the Community button
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
STICK85
Level 1
09-14-2023
02:14 PM
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I posted on this thread hoping you would reply to my post based on your advise commenting on other post i read.
I also posted on the open forum .
