Sjpcpa
Level 1
03-17-2020
11:32 AM
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Construction Spec Home Builder is required to capitalize all expense. This is the first (short) year in business the one house under construction has not sold. How do I report this on 4562 in Lacerte. They have purchased equipment . How do it enter the assets in Lacerte and not show a deduction as it has been capitalized. Line 23 did not work for me as expected.
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