tamurack
Level 2
12-06-2019
11:24 PM
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A client bought a townhome in 4/2013 and lived there until December 2016. In 2017 his brother lived in the house and paid the mortgage. Last year preparer reported it as a rental. The townhome sold in May of 2018. So the owner used it as his personal residence for two of the last 5 years but not for 17 months. How do I report an exclusion for the part of the time it was used as a personal residence in 2018?
Best Answer Click here
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