All Forum Posts by: Zack Royals

I see. Would the time frame of the construction affect whether it's ordinary income tax or capital gains tax? For example, in NYC building construction for big projects can take up to 3 years and once the project is completed properties start closing.

Thank you Basit.Ah ok, what would be the tax classification in that case?

Very helpful, thank you Greg!

Hello All,

I wanted to find out if developers pay a capital gains tax, since I have several clients that may be affected by a potential new policy(depends on who wins election)?

Thanks,

Zack