Discussion:Expenses to capitalize
From TaxAlmanac, A Free Online Resource
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Basic Tax Questions --> Expenses to capitalize
Discussion Forum Index --> Tax Questions --> Expenses to capitalize
| 3 January 2008 | |
| If a client builds a building on his land for his business office. Does he have to capitalize all the cost such as payroll, interest, utilities, taxes, etc | |
| 3 January 2008 | |
| all costs associated with building should be capitalized.
note that you may get some items to be considered land improvements (ie sidewalks, shrubs) that have more favorable depreciation. but why would he have payroll? unless he is in the business of building??? | |
| 4 January 2008 | |
| he is building his own building but not in the business of building he is a masonary business. If he bought the land a year earlier and financed it can't he expense the interest on the land up to the point of building on it? | |
To join in on this discussion, you must first
log in.
