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Deductions & credits
Real property trades or businesses:
A real property trade or business is a trade or business that does any of the following with real property.
Develops or redevelops it.
Constructs or reconstructs it.
Acquires it.
Converts it.
Rents or leases it.
Operates or manages it.
Brokers it.
Take note, though, that if you're providing your construction services as an employee you don't qualify unless you're more than a 5% owner of your employer.
‎January 5, 2025
10:10 AM