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tjstyphon
April 16, 2022
Question

Property purchased in 2021, what do I enter for only owner?

  • April 16, 2022
  • 1 reply
  • 0 views

For the question, "were you the only owner of this property in 2021?", I entered no because I purchased it in August. Then it asks what percentage of the home I own. I am the sole owner, but I didn't own it the entire year. It's asking what percentage of the partnership I have but that doesn't apply.

How do I answer this question?

    1 reply

    A
    AnnetteB6
    April 16, 2022

    You would answer the question as 'yes'.

     

    The question is really asking if you are a 100% owner of the property as of the date that you purchased it.  It is only trying to determine if you are a partial owner due to the property being held by a partnership.  

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