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Investors & landlords
At the screen "Special Handling Required?" I did click "yes". and the reasons listed on screen include:
- The business use percentage of the asset varied during the year you owned the asset.
- This is an intangible asset not considered section 1245 property.
- You converted the asset for 100% personal use.
- You gave this asset away as a gift.
- The asset was lost or destroyed due to casualty or theft.
- This asset was a rental, a home office, or a home office improvement within a home.
But to me none of these reasons apply to my case, and going forward from here didn't lead me to the "main residence" question.
This is very confusing. Please advise. Thank you very much.
March 1, 2021
1:17 PM