ColeenD3
Expert Alumni

Investors & landlords

1) Regarding the question about business use varying, you would answer no. The blue Learn More link says:

If the business use percentage varied over the life of the asset, the program cannot automatically compute the sale information.

 

For the conversion, you want to make sure you answer this screen properly. This will give the program the correct information.

 

 

 

2)The easiest way to deal with the sale of renovations is to stop treating them as separate property. You received $150,000 for the entire property, improvements included, so make the sales price zero.