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Q:  How do I know if I am a speculative builder or a prime contractor?


A speculative (spec) builder makes improvements on land that he/she owns.  A prime contractor is hired by the owner of the land to build, remodel, or repair. 

Determining whether you are a spec builder or a prime contractor is dependent upon whose land you are building on.  See our Construction Tax Guide for more information.

More information
Construction tax guide
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