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Land means:
real estate or real property, or any tract that may be conveyed by deed. Land is not subject to depreciation. Generally, the sale of land by anyone other than a dealer results in a capital gain or capital loss. However, if the land is improved by roads, utilities, or other features, it no longer qualifies for capital gains treatment.

See also Capital Gain in the American Legal Encyclopedia and Capital Gain in the World Legal Encyclopedia.

See Depreciation in the United States Encyclopedia of Law and Depreciation in the World Encyclopedia of Law.

Description and Definition of Land

Unimproved real estate, or improved real estate not including buildings and other improvements. The cost of the land is not depreciable.


See Also

Further Reading

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