What is trade or business property?
Real estate used in a trade or business, including rental operations, the Section 1231 class. Depreciable, with capital-gain treatment on net gains and ordinary-loss treatment on net losses.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.