Accrured Depreciation

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» Accrured Depreciation

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Jul 16, 2006, 12:39 PM

rs1

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Join Date: Jul 2006

Posts: 1

Accrured Depreciation

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?

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Jul 16, 2006, 09:20 PM	#2

CaptainForest Finance & Accounting Expert Join Date: Nov 2005 Location: Canada Posts: 3,672	I would recommend that you post this question in the TAXES forum.

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