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Employee
April 13, 2019
Solved

How do I know if my rental property is an Intangible asset not Considered Section 1245 Property

  • April 13, 2019
  • 1 reply
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I sold a house in 2018 that I had rented out for the last 5 years.  TT is asking me under "Special Handling required?" whether "This is an intangible asset not considered Section 1245 property".  Am I supposed to say Yes or No to that? How do I figure it out?  The explanation given by TT in the help link is not clearing any further.

Best answer by Anonymous_
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Employee
April 13, 2019
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