Is land a 1231 or 1250 property?
Is land a 1231 or 1250 property? The IRS defines section 1250 property as all real property, such as land and buildings, that are subject to allowance for depreciation, as well as a leasehold of land or section 1250 property. Is Land Sec A 1231 property? Commercial real estate, residential investment properties, buildings and land … Continue reading Is land a 1231 or 1250 property?
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