One who buys and sells for his or her own account. The merchandise is Inventory consequently any gain on the sale is Ordinary Income.
Example: Davis purchases mobile homes from several manufacturers, and sells them to her customers. Davis is a dealer and all gains from sales are ordinary income.
Dealer (TAX)
| Real Estate Dictionary: Dealer (TAX) |
| 5min Related Video: Dealer (TAX) |
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 | Syndicate (in banking) |
| Automotive Dealer Group: Pompei-Schmidt Auto Dealers Inc. (The Product) (business plan) |
| Value Added Tax in Madhya Pradesh |
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 | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Syndicate (in banking)
- Automotive Dealer Group: Pompei-Schmidt Auto Dealers Inc. (The Product) (business plan)
- Value Added Tax in Madhya Pradesh
- Frans Hals
