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Updated over 7 years ago, 09/10/2017
Development vs Construction
I am reading IRS Publication 925, "Passive Activity and At-Risk Rules". In Real property trades or businesses paragraph it lists development and construction as two separate trades. Scanning the forums, I do not see anybody touching this topic and I feel it would get a great response with all the potential in the forum space.
Q: What is the difference between development and construction?