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Individuals Who Are Not Professional Real Estate Developers May Get

question 152

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Individuals who are not professional real estate developers may get capital gain treatment for sale of their real property if they engage only in limited development activities.


Definitions:

Postclassic Groups

Refers to civilizations in the Mesoamerican region after the collapse of Classic period powers (around 900 CE) up to the Spanish conquest, characterized by changes in political structure, warfare, and culture.

Olmec

An early Mesoamerican civilization known for its monumental sculpture, particularly colossal heads, and for its contributions to later Mesoamerican cultures.

Coyolxauhqui

An Aztec goddess symbolizing the moon, depicted in myths as dismembered by her brother, the sun god Huitzilopochtli, reflecting the theme of celestial battles.

Huitzilopochtli

The Aztec god of the sun and war, central to Aztec religion and mythology, often depicted as a fierce warrior.

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