Posted by Don on March 06, 2002 at 10:10:18:
nt
Just now sitting down to do my c-corp return… - Posted by Don
Posted by Don on March 05, 2002 at 11:24:17:
…and wondering what to do with this house that the corporation bought.
I purchased a house in early 2001 and sold it in early 2002. The previous owner rented a couple of months, I did a rehab and sold. I consider it dealer property. My question is, where do the purchase and rehab costs show up on the 1120?
Thanks in advance, Don
CoGs - Posted by JHyre in Ohio
Posted by JHyre in Ohio on March 05, 2002 at 16:38:27:
Under cost of goods sold.
John Hyre