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Investors & landlords
That statement can be misleading. If, from the date it was converted to a rental, if it was *NEVER* *EVER* *EVER* used for personal pleasure use *OF* *ANY* *TYPE* by the owner of the property, then the property was *ONE* *HUNDRED* *PERCENT* business use. Period. End of story. What the property was used for before it was converted to a rental *DOES* *NOT* *MATTER* in any way, shape, form or fashion.
So "Special Handling *IS* *NOT* *REQUIRED*.
If, for any reason *ANY* reason you select yes on the special handling required screen, what you are saying is that you did NOT sell the property and you will *NEVER* be asked for sales information.
May 29, 2020
8:19 AM