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WHAT IS THE TAX TREATMENT OF CONSTRUCTION RESERVE REPORTED…

WHAT IS THE TAX TREATMENT...
WHAT IS THE TAX TREATMENT OF CONSTRUCTION RESERVE REPORTED ON THE HUD STATEMENT AND HOW IT IS REPORTED ON THE BALANCE SHEET.
ADDED TO THE VALUE OF THE PROPERTY OR SHOWN AS A SEPARATE LINE ITEM.
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Answered in 13 hours by:
3/13/2018
Robin D.
Robin D., Senior Tax Advisor 4
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Satisfied Customers: 18,353
Experience: 15years with H & R Block. Divisional leader, Instructor
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I have not seen CONSTRUCTION RESERVE reported on a HUD statement and can only think it would be added to basis.

Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 18,353
Experience: 15years with H & R Block. Divisional leader, Instructor
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