Question
Daniel owns a home that they purchased for $729,908 in January 2001 and rented the home immediately until January 31, 2007. On February 14, 2007,
Daniel owns a home that they purchased for $729,908 in January 2001 and rented the home immediately until January 31, 2007. On February 14, 2007, Daniel got married and moved into the home with their spouse (who's name was listed on the deed of the house and they now jointly-owned the property and lived in it) until January 31, 2022, when they got divorced. Immediately on the date of divorce they sold the property. Total depreciation on the home during the rental period was $23,302 and Daniel claimed the full amount of depreciation on their tax returns in prior years. The home was sold on January 31, 2022 for $1,346,034. Please calculate the number of months of NON-QUALIFIED use of the property for purposes of calculating the taxable gain on the sale (this as a NUMERICAL VALUE without the word "months"). If there is a fraction of the month being used, you can write the number of full months and then add ".5" for the half month (if applicable). DO NOT write the total months or the qualified use period...I'm specifically asking for the NUMBER OF MONTHS OF NON-QUALIFIED USE ONLY.
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