Thank you for the helpful replies, appreciated.
So how come the turbotax software has this field that's asking about how long or the percentage the rental property was used for business?
If I keep the field empty the Turbotax software, the tax portion I owe is much higher than when it's filled in with 78%.
Please clarify the significance of this field and why it's affecting the amount of tax owed for the property sale.
Regards,
-Omar
