TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Real Estate Dealer

September 02, 2010

Today TaxMama hears from David in the TaxQuips Forum, who defines a dealer in real estate as someone who sells a single property for profit, as long as the intent to act as a dealer to real estate is present.â€



Dear David,

You tell us that IRC 45