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Investors & landlords
you are suggesting that for 2021 that i report the sale in the "sale of business property" section?
Actually, it's not a suggestion. Since you did not have any actual personal use (as I understand it) for one single day after you converted it to personal use on your 2020 tax return, the correct place to report this sale is in the "Sale of Business Property" section.
March 12, 2022
4:40 PM