Question

Sale of mixed use property

Forum|Forum|4 years ago
April 18, 2022
1 reply
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I purchased my main home in 1996. Lived there until 2010.

Rented it from 2010 until 2019 then sold it.

Personal use= 61.4%

Business use= 38.6%

TT says that I enter the sale info for business use using the 38.6%

TT says that the rest will be entered "separately as the sale of other investment or personal use property"

Can't find where that is in my desktop Home & Business 2019

Help!

TurboTax Home & Biz Windows

PatriciaV

You should report the rest of the sale as the Sale of a Second Home under Personal Income >> Investment Income >> Stocks, Mutual Funds, etc. Add a sale and follow the prompts.

The easiest way to find this section of TurboTax for Desktop is to open your return and use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type "sale of second home," hit Enter, and click the "jump to" link to go directly to beginning of that topic.

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J

JWelsh11

My research consistantly found mixed use to be the sale of rental property which wasnt allowing for cspital games. It was treating as general income. Properties/businesses in the home like day csre and B&B's where a percentage of the sq footage is for personal use as a qualified primary residence is the scenario I'm seeking assistance.