Q for GeekGirlDany/Domestic Prod. Ded.

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  • John of PA
    Senior Member
    • Jul 2005
    • 1104
    #1

    Q for GeekGirlDany/Domestic Prod. Ded.

    GeekGirlDany,
    I noticed in the Construction post that you have some small construction contractor clients. Would I be correct in assuming you will be taking the Domestic Production Deduction for some of these?
    Tags: None
    • geekgirldany
      Senior Member
      • Jul 2005
      • 2359
      #2
      Yes I have taken this into consideration. They have not brough their paperwork for 2005 yet but I have their folders marked to remember the new deduction. I read through it in TTB. I had to read it twice to get all of it.

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        • John of PA
          Senior Member
          • Jul 2005
          • 1104
          #3
          Domestic Production Deduction

          GGD, Thanks for for your reply. I refer to my post on the QF board where Janien jumpted in. This deduction is very complicated and apparently is still being absorbed by the profession. I may just sti back a while and see what happen.
          Thanks again, and MANY HAPPY RETURNS.

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