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.
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.