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Investors & landlords
Thanks for the thoughts. I did put the non-business % over the life of the asset in the Sale of a 2nd home section, but that section doesn't have a place to deal with depreciation, recapture, etc. Per the instructions, I have to allocate the sale price to the 2nd home as a percentage of time it was our 2nd home, and the rest being allocated to the sale of a business asset from being a rental. I can't figure out any other place to deal with the carryover other than adjusting the basis since it was not a business in 2018 but was sold in 2018.
‎August 12, 2019
4:29 PM