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Sjpcpa's Posts

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 Lacer... See more...
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.