Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Schedule C Building Materials

Havinfunone
Level 3

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?

0 Cheers
1 Comment 1
IRonMaN
Level 15

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


Slava Ukraini!