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    • Created with Sketch. Tax year 2025 individual e-filing is now open. For resources to help start your tax season check out Hot Topics for ProSeries | Lacerte | ProConnect
    Created with Sketch. Tax year 2025 individual e-filing is now open. For resources to help start your tax season check out Hot Topics for ProSeries | Lacerte | ProConnect
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    Schedule C Building Materials

    Havinfunone
    Level 3
    ‎05-07-2023 02:59 PM

    Someone spends $15000 purchasing material to build a storage shed for their business but does not build until the following year, where do the expenses go?

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    1 Comment 1
    IRonMaN
    Level 15
    ‎05-07-2023 04:18 PM

    An asset account on the balance sheet - construction in process.


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