- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
once the property was placed in service (i.e. converted to business use), the asset was indeed used for 100% business use case.
That's where the program lacks clarity. If the property was 100% business use for the entire time it was classified as a rental, then your business use percentage did not vary. So that item does not apply to you.
Again, probably an interpretation problem.
Not just an interpretation problem, but a clarity problem too. Some folks tend to take things to literally, and the way some screens are worded in the program, it's really no surprise. For example, "business use since you owned it" is bad wording in my opinion - and we call know what opinions are like. 🙂 It should read something adkin to "100% businses used since you owned it, *or* 100% business use since you converted it"
The fact is, based on the information you've provided, there is no special handling required. Therefore you click NO and then you will be prompted for sales information.