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Vacation home sale/rental
Sold a vacation home. Used as a rental for 2+ years and 2nd home for last 5. Business use is 20%, personal use is 80%.
TT instructions say to enter just 20% of the buy/sale data in the "Sale of Business or Rental Property" section. Where does the 80% buy/sale data get entered?
I thought it would be in the "Investment Income" section under 2nd home. However, if you check the "Rental" use button about five pages in; the program directs you back to "Sale of Business..." and wants to remove the entry. Where should I report the 80% personal use?
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‎January 5, 2020
4:40 PM