tax payer is making LHI for a future dental office. He has a construction loan. The construction will be finalized in the next tax year, so not depreciable this year.
To track the cost in Lacerte, I put it on the depreciation schedule and use 99 for the method if there is no Balance Sheet.. On the Balance Sheet i call it Construction in Process.
To track the cost in Lacerte, I put it on the depreciation schedule and use 99 for the method if there is no Balance Sheet.. On the Balance Sheet i call it Construction in Process.
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