That depends on the nature of your work. A real property trade or business is any business that involves property:
- Development
- Construction
- Redevelopment
- Reconstruction
- Acquisition
- Conversion
- Rental operation
- Management
- Leasing
- Brokerage
If your job falls in one of these categories, keep in mind that IRS rules state that " Do not count personal services you perform as an employee in real property trades or businesses unless you are a 5% owner of your employer."
