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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 16
If an investor is a "dealer" with respect to certain real estate, that real estate is classified (by the IRS) as being held:
A) As a personal residence.
B) For sale to others.
C) For use in trade or business.
D) As an investment.
E) None of the above.
A) As a personal residence.
B) For sale to others.
C) For use in trade or business.
D) As an investment.
E) None of the above.
Explanation
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If an investor is a "dealer" with respec...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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