If rented 2nd home in 2017 for 3 months (Jan to Mar), then sold property end of Mar, what percentage used for business in 2017? Is answer 100% before I sold or 25%?
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If rented 2nd home in 2017 for 3 months (Jan to Mar), then sold property end of Mar, what percentage used for business in 2017? Is answer 100% before I sold or 25%?
If rented 2nd home in 2017 for 3 months (Jan to Mar), then sold property end of Mar, what percentage used for business in 2017? Is answer 100% before I sold or 25%?
Once it is converted to rental property, business use is 100% unless you personally used the house at any time after renting began. Then, it would be considered a vacation home.
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