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income-producing property

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income-producing property

Whether or not it actually produces a profit, a property that is intended to generate rental or other revenues for the owner.



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Anyone making a decision regarding acquisition of income-producing property should base that decision on sound professional advice.
165(c)(2) casualty and theft losses sustained on income-producing property are also excluded, effective for tax years beginning after 1986.
For the three and six month periods ended June 30, 2007, as compared to the same periods in 2006, higher operating income from acquisitions and completed developments was generally offset by a) increased interest expense due to acquisitions and refinancings and b) lower gains from fewer land and income-producing property sales.
 
 
 
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