Question

henri is a home builder who is subject to the uniform capitalization rules. which of his costs are not required to be capitalized
50,000 spent for newspaper advertising
500,000. salary paid to site supervisors
2,000,000. spent to hire construction contractors
5,000,000. spent on building materials

Answer 1

The following costs are not required to be capitalized as Section 263A of the Internal Revenue Code:

50,000 spent for newspaper advertising