Expenses during construction

[DanL65]

I have a home construction business since 2020.  Speculation builds only.   Always completed home in same year as started.  however, this year (2022) will not finish until Feb 2023.  I have expenses this year, but no profits until after home is sold.  What is the best method to recover expenses incurred in 2022 for home office and supplies, plus meals and entertainment?  

[Bsch4477]

Your net operating loss will be carried over to 2023. This publication has the details. 

[Anonymous_]

See https://www.irs.gov/publications/p536

Note that the 2022 edition of Publication 536 has not yet been released.