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Investors & landlords
I'm in the same situation as you and as such, I'm hoping to find out how you handled this in TT since I assume you've already submitted your tax return for the year in which you sold the property. Did you enter 100% of the business use percentage in the TT dialog where they ask for your "cost", "business %", and "prior deprec"? Or did you have to somehow manually enter in the business use percentage for each year you owned the property? If the latter, where did you find instructions/guidance on how to do this?
‎August 11, 2020
7:10 AM