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Investors & landlords
Updated:
Thank you @AmeliesUncle for leaving this message, finally I could clear some confusion.
Your message reminds me to go searching for more details and I believed I have to enter 100%.
Thank you.
"If you are entering 100%, then you may be misreading the "Nonqualified Use" page where it asks you for the number of days of ownership and the number of days of "Nonqualified Use". In your case, because the rental was AFTER it was your main home, there is NOT any Nonqualified Use."
Please advise what I should have entered?
I owned a house 22 years, live in 12 years, rented out 6 years, move back to live in 2 years, and then rented out for 2 years and sold the house. Should I enter 100% or 36.4% (=8/22) for business portion only?
Thank You.
March 11, 2021
10:01 AM