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Investors & landlords
Thank you, Amy. I had read the case study but wasn't sure it was applicable to individuals as the examples were for a PSC and CHC. I was also hung up on whether the 2 rental properties were considered a single activity and the sale of one property wouldn't be considered a disposition of an entire interest. I presume an election would have had to been made to group the 2 properties as 1 activity. Glad not the case here.
March 31, 2021
4:44 PM