Hello,
I just checked my Form 4562 and noticed that the business use percentage has not increased since I started listing the property as a rental. I have correctly answered the TT question, indicating that the property was fully rented in both 2023 and 2024. Should the percentage be adjusted to 100% in 2023 & 2024?
Purchased foreign property in 2017 but starting rental in 2022.
YR 2022 - started rental in 08/2022 - form 4562 business use 42%
YR 2023 - fully rented - form 4562 bus use 42%
YR 2024 - fully rented - form 4562 bus use 42%
TIA for your help!
