When an accrual basis taxpayer finances the construction of its building by borrowing,the interest is deductible in the year it accrues.

Name: When an accrual basis taxpayer finances the construction of its building by borrowing,the interest is deductible in the year it accrues.
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Interest on a loan used to finance the construction of a building must be capitalized and added to the cost of the building, rather than being deducted in the year it accrues, until the building is ready for its intended use.

When an Accrual Basis Taxpayer Finances the Construction of Its