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Comment by citizenkeen

3 years ago

That's not how that works. The law is pretty explicit.

2 comments

citizenkeen

Reply

verdverm  3 years ago

How is the IRS defining "development"?

I don't think it's the same as we do, and more akin to land development and improvement.

phoehne  3 years ago

I think that will actually be decided by IRS interpretation. I can’t imagine an administrative judge would have that narrow a view, given the way other assets are treated.

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