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    #1

    spec home

    My mind has gone down a vortex tube.... A spec home has been built, it is in inventory, realtor fees for land purchase, are they added to inventory basis or expensed out as current year business expense? Where do I find this? I have not asked the right questions at IRS.GOV.

    Thanks,
    Cathe
    Tags: None
    #2
    IMHO, increase in basis.
    Dave, EA

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      #3
      Agree. Basis.

      Comment

        #4
        Agree. Basis
        This post is for discussion purposes only and should be verified with other sources before actual use.

        Many times I post additional info on the post, Click on "message board" for updated content.

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          #5
          This

          might be helpful.

          404 | Internal Revenue Service
          http://www.irs.gov/businesses/small/industries/article/0,,id=97934,00.html
          404

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