Sorry, just to clarify ...
My original property was always a rental and I want to buy another one to continue renting.
So does this constitute replacement of one business property by another property for active business use? Or does "business use" mean something specific and that doesn't include renting?
1. If your answer is, "... it doesn't include renting...", what would be the distinction between this situation and some company like Public Storage which rents out small spaces in a big facility for people to store things?
2. If I get another rental property closer to home (two properties) then would it be considered a business, and then could I roll over the first one to one that is closer to home?
Thanks
