Section 1231
Section of the Internal Revenue Code applies to assets used in a trade or business,. In general, gains on section 1231 assets are taxed at capital gains rates, and losses are considered ordinary losses for tax purposes. Assets included under section 1231 are apartments, warehouses, hotels, and office buildings.
Popular Real Estate Terms
Scale drawing or diagram illustrating the proposed use of a land plat property. ...
Drain facility usually underground for waste and water disposal consisting on connected pipes. ...
The term action in personam is used mostly in legal proceedings because Roman law heavily influenced our judicial system. Many terms used in law have their roots in Roman law, not only this ...
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See building permit. ...
Licensed real estate broker who has a listing of property for sale. ...
Barring an act. It may occur when an individual has improperly acted resulting in an unfair advantage over another party. ...
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