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Updated almost 13 years ago, 01/20/2012

User Stats

6
Posts
0
Votes
Bob Harris
  • Real Estate Investor
  • Monroe, WI
0
Votes |
6
Posts

Income or not?

Bob Harris
  • Real Estate Investor
  • Monroe, WI
Posted

Are the draws I take for rehab on my properties considered other income on my P&L statement or are they not included at all? My reason for asking is because all my expenses (subs, material, interest, and utilites) are on the statment and it really is looking bad. I know its not taxable income I just looking to clanup my P&L. This is a good question for my accountant but due to the time of year I can't get in to see her or even get her on the phone until 2/6. Thanks in advance for any help.

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