Accrured Depreciation

rs1 · #1 Jul 16, 2006, 12:39 PM

I am a builder developer. I have interest from construction loans that were spec houses that did not sell this year. Interest from land development loans that will not sell until several years later. Can this interest expense be deferred through IRS until the land or the properties
sell. Or do I have to write it off in the year it is incurred?

CaptainForest · Jul 16, 2006, 09:20 PM

I would recommend that you post this question in the TAXES forum.



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!