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Sold rental property (which was prior personal residence) - unsure how to answer whether business use percentage varied over the years it was owned.
We sold a rental property in 2017. The property was our personal residence for 8 years, and then a rental for 4 years. Turbo Tax is asking if special handling is required with this as one of the criteria: "The business use percentage of this asset varied during the years you owned the property". I'm not sure how to answer that. If I say yes, then the help menu just says turbo tax can't automatically compute the sale info - it does not say what to do or what form to use. I have been using turbo tax the entire time it has been a rental so all the prior data is there.
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‎June 6, 2019
11:00 AM