Skip to main content
Level 3
March 9, 2023
Question

The commercial rental property is sold. Does the parking qualify as 1245 property or 1250 property?

  • March 9, 2023
  • 1 reply
  • 11 views
The parking lot is blacktop and it was done in 2021.  When sold, would it be considered 1245 property or 1250?
This topic has been closed for replies.

1 reply

Skylane
Intuit Community Champion
March 9, 2023

1250

If at first you don’t succeed…..find a workaround