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I guess it was a Spec house after all. Thank you for raising my awareness. I am reporting all the profit this year on Schedule C. I will still report the intere...
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I agree with the waived my charges benefits. It would have been a wash with the exception of the subcontractor having additional income to report.
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He normally builds houses for other customers. They pay for the materials and he doesn't have a lot of expenses to claim on the construction business with the e...
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I have a client that makes a living building and remodeling houses. He started building a house on land he already owned and one of the subcontractors wanted to...
