The front of a package may say, âmulti-grainâ, â7-grainâ, â100% wheatâ, âbranâ, or âcracked wheatâ, but may not contain any or only small amount of whole grains. These products may have âunbleached enriched wheat flourâ as the first (main) ingredient, which is the same as refined flour.
Subject to the doctrine of accession, personal property can become real property through its transformation into a fixture. A fixture is a movable item that was originally personal property but has become attached to, and associated with, the land and therefore is considered a part of the real property.
Real property, also called real estate, is land and generally anything built on or attached to it. If you buy real property, certain fees and other expenses become part of your cost basis in the property. Real estate taxes. If you pay real estate taxes the seller owed on real property you bought, and the seller did not reimburse you, treat those taxes as part of your basis. You cannot deduct them as taxes.