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, or real estate, is tangible property that is immovable. Things such as oil, gas, precious metals and standing timber are all part of the land. However, if standing timber is removed, it becomes tangible personal property. If you sell the timber, the sale is treated as a capital gain and not ordinary income.