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Subject: Re: [The Clubhouse]: RE: Deductible vs. Non-deductible expenses & Allocation of Expenses

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Gene Rooks

05/13/2007 7:31 AM
Matthew, absolutely, club operational expenses are best handled by membership share, so use that even now. During the short period members remain equal, it will come out that way, but when you get members with different percentages, it will be handled correctly. Just don't check the 'equal' box, and it will work just fine. Gene Rooks, Space Coast Chapter, Accounting Instructor Gene Rooks generooks@cfl.rr.com

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Forums > Investing > The Clubhouse > Re: [The Clubhouse]: RE: Deductible vs. Non-deductible expenses & Allocation of Expenses

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