ColeenD3
Expert Alumni

Investors & landlords

Yes, your depreciation should be calculated for you so that is the biggest problem. Your personal use related to the rental aspect of it, not the sale in your case. It would be different if you lived for 2 out of the past 5 years as your personal home. In your case the sales expenses are 100% business, as you are recording the entire gain on Sale of Business Property.