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Where in TurboTax Business do I put capitalized tenant improvements when it hasn't been put in use yet?
I am opening a new location for a restaurant and currently doing tenant improvements. Construction started May of 2021 but faced some delays due to supply shortgage and now construction is scheduled to finish in April 2022.
Where do I put the capitalized tenant improvement related costs in TurboTax for Business since I can't depreciate it until restaurant is open for business?
Edit: We are an LLC with 3 members filing form 1065
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March 2, 2022
3:41 PM