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Let's say you acquire multiple plots of land in a span of 20 years. About every other year, you divide your land into lots, and
Let's say you acquire multiple plots of land in a span of 20 years. About every other year, you divide your land into lots, and install sewer, water, natural gas, paved roads, and electricity into those lots. For your tax returns, is it appropriate to treat the sale of such lots as sales of capital assets?
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