In the disposition of part rental/part personal use property, under what circums

Question

In the disposition of 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 non taxable exchange; The disposition is part of a foreclosure; The rental part of the property was separate from the part used personally; The taxpayer rented an extra bedroom within the residence In the disposition of 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 non taxable exchange; The disposition is part of a foreclosure; The rental part of the property was separate from the part used personally; The taxpayer rented an extra bedroom within the residence In the disposition of 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 non taxable exchange; The disposition is part of a foreclosure; The rental part of the property was separate from the part used personally; The taxpayer rented an extra bedroom within the residence

Explanation / Answer

Solution: The disposition is part of a non taxable exchange

Explanation: The disposition is part of a non taxable exchange then it is not required that the have to allocate gain between the rental and personal part of the property because no allocation is needed to separate the gain allocable to any portion of the property used for business in case the residential and nonresidential part of the property are holded within the same dwelling unit

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