When is real estate a capital asset, and when is it not?.
Excerpt: “…the purpose here is to analyze tax consequences of buying and selling real estate—in particular, the result when real estate assets are sold at a gain and when they are sold at a loss…” (p.42)
New York State Society of Certified Public Accountants
Fellows, J. A., & Yuhas, M. A. (2007). When is real estate a capital asset, and when is it not?. CPA Journal, 77(7), 42-45.
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