Business-Use Property

Business-Use Property

Property used in a trade or business. Examples include tools, equipment, machinery, factories, and office buildings.
References in periodicals archive ?
2005-14 control how mixed personal- and business-use property is handled under the principal residence exclusion and like-kind exchange rules.
8) This is a conversion of business-use property to personal-use property.
Letter Ruling 200004022 may be of interest to farmers and ranchers who hold title in limited liability companies (LLCs) to property that consists of both business-use property and a family residence.
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