The U.S. IRS has published a practice unit on Section 263A Costs for Self-Constructed Assets. The general overview of the practice unit is as follows: This practice unit provides guidance for the capitalization of self-constructed assets. These are assets produced and used by the taxpayer and not sold in the regular course of business. A typical example is when a taxpayer constructs its own facility. Taxpayers are required to capitalize certain costs incurred to produce self-constructed assets, such as material costs, labor costs and other incidental costs. This practice unit discusses costs capitalized under the final IRC 263A Treasury Regulations...