Real Property Subdivided for Resale into Lots,even When Substantial Physical

question 1

True/False

Real property subdivided for resale into lots,even when substantial physical improvements have been made to the property,always causes the gain from sale of the lots to be treated as capital gain.

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Definitions:

Organic Chemicals

Compounds containing carbon atoms bonded to hydrogen atoms, potentially along with other elements, excluding certain carbon-containing compounds like carbonates.

Phenylalanine

An essential amino acid that is a precursor to neurotransmitters such as dopamine, norepinephrine, and epinephrine.

Aspartame

An artificial sweetener used as a sugar substitute in many foods and beverages, composed of aspartic acid and phenylalanine.

Short Tandem Repeat

A sequence in the DNA consisting of multiple copies of a specific short nucleotide sequence.