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In the disposition of a part-rental/part-personal use property, under what circumstances would a taxpayer NOT need to allocate gain between the rental and personal part
In the disposition of a part-rental/part-personal use property, under what circumstances would a taxpayer NOT need to allocate gain between the rental and personal part of the property?
The disposition is part of a nontaxable exchange.
The disposition is the result of foreclosure.
The rental part of the property was separate from the part used personally.
The taxpayer rented an extra bedroom within the residence.
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