Page 107 - Large Business IRS Training Guides
P. 107
Electing Real Property Trade or Businesses
• Real property trade or business means any real property
development, redevelopment, construction, reconstruction,
acquisition, conversion, rental, operation, management,
leasing, or brokerage trade or business.
• Must use the ADS for any nonresidential real property,
residential rental property, and qualified improvement
property used in its trade or business. Not eligible for bonus
depreciation under IRC § 168(k).
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