Change of Use Rules for Multi-Unit Residential Properties
Currently when a property, or part of property, is converted from an income producing property to some other purpose a deemed disposition occurs. Historically, when the entire property was converted into another use is now available for changes in use of parts of the property.
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2019 Tax Changes Individuals and Families
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Change of Use Rules for Multi-Unit Residential Properties
Currently when a property, or part of property, is converted from an income producing property to some other purpose a deemed disposition occurs. Historically, when the entire property was converted into another use is now available for changes in use of parts of the property.