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Converting a property to business use is not a requirement for special handling. The question about the percentage changing refers to vacation homes, where some years you may have rented more often than others.
Converting a property to business use is not a requirement for special handling. The question about the percentage changing refers to vacation homes, where some years you may have rented more often than others.
Thanks so much for your answer! So just to make totally sure: I lived there for 5 years, then rented it for a few years, and last year I sold it, but that doesn't count as "The business use percentage of this asset varied during the years you owned the asset", and I don't need special handling?
Correct. Just enter all the information for the sale.
okay thanks for your help!
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