interest in real property
Defined in 1 place of the United States Code.
The term “interest in real property” includes fee ownership and co-ownership of land or improvements thereon, leaseholds of land or improvements thereon, options to acquire land or improvements thereon, and options to acquire leaseholds of land or improvements thereon.
Source
- 1994–present26 U.S.C. § 897Internal Revenue Code · Disposition of investment in United States real property · for purposes of this section