M-MTax
Level 12

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.