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R
ralphywigs
May 17, 2021
Question

deductions

  • May 17, 2021
  • 1 reply
  • 0 views

i own a multi member llc which is involved in construction how do i claim the materials for the job on here

 

1 reply

D
DavidD66
May 18, 2021

The ideal way to do account for it would be treat the construction materials as cost of goods sold.  I would definitely recommend this if you have materials on hand at year end.  If not you will get to the same result if you treat them as "supplies". 

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