Hello. I have seen some responses on this subject but nothing that provides any detailed help for someone who has rented a vacation unit for summers and winters, and uses the property personally for one month in the spring and one month in the fall. I am assuming that the "Business Portion" would be the ratio of the rental days in summer/winter divided by the days of total use (ie. business and personal). Is this correct? It makes a drastic difference on the capital gain amount to be able to reduce the asset sale price through this process. Thank you.
