You’re developing or doing heavy value-add on commercial properties and your QuickBooks Online file looks like this during construction:
$120k to the General contractor → “Job Expenses: Construction Costs”
$18k loan interest → “Interest Expense”
$9k architect → “Professional Fees” $6k permits → “Licenses & Permits”
❌ALL UPFRONT EXPENSE ❌
How to correctly capitalize interest, soft costs, and construction costs in QBO — and why doing it wrong is silently killing your tax deferral and refinance ability (hint: depreciation is key). ✅It’s 100% fixable in under 15 minutes inside QBO ✅ Here’s exactly why you must switch to a Construction in Progress (CIP) workflow in QuickBooks Online, plus the dead-simple setup:
You own several commercial buildings, each in its own LLC, and everyone keeps telling you that you need a separate QuickBooks file for every property. You don’t.
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