Sale of improved land: Capital or ordinary gain?

The article discusses how the gain on sale of the property is subject to ordinary income tax treatment in the U.S. Topics discussed include regulations governing taxpayers' claim capital gain treatment under the five- or 10-year rule, even if the taxpayer subdivides the real property into lots and actively tries to sell the parcels; and defined by the U.S. United States. Internal Revenue Service (IRS) concerning the issue.