Unless you are a dealer in real property, profits ...
Level 6

Business & farm

Unless you are a dealer in real property, profits from the sale of real property are taxed as capital gains (long-term if you have held the property for more a year).

Please read this article for more information:

http://www.snydercohn.com/2012/09/is-it-capital-gain-or-ordinary-income/


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