Thanks for the response.
I am a GC, new in business and I will build by myself with my company LLC. The investment I have for 2021 are land, clean the land, rental excavator, the price for foundation concrete, rebars, gas,permits, etc. I will have in 2022 all others likes: wood materials, siding, labor for framing, HVAC ....etc. All together 2021 +2022 are spending for making the house. All this should be report on 2022 year tax with receipts from 2021 and all spending from 2022 also. Corect?
I just bought a truck but on my name not company. Can I add this on schedule C for 2021?
Thanks!
