TaxGuyBill
Level 15

@DaisyMae8 wrote:

thank you for your response. Tax Guy Bill

Owner lives on first floor of three story building so it is owner occupied rental property.

My questions are on form 4797 should I include only two thirds of Selling price and two thirds of settlement fees, depreciation and one hundred percent of expenses for rental dwellings. Also is owner entitled to exclusion for sale of personal residence.


 

I stand by my original answer. 

 

0 Cheers