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Investors & landlords
Merely because there was a period where the replacement property was not immediately ready to be placed in service as rental property would not be a disqualifying factor.
Thanks for clarifying that. I figure so long as the property is not actually "used" for personal use, not classifying it as rental/business property from the get-go would not be a problem. But I wasn't confident on that. Especially since the non-business use period crosses tax years.
‎October 3, 2022
7:39 AM