Question: Does a building that is 6 0 % rented for residential use and 4 0 % for commercial use qualify as residential rental property? Question

Does a building that is60% rented for residential use and40% for commercial use qualify as residential rental property?
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Part 1
A.
Yes. The building is residential rental property. For a building to qualify as residential rental property, 51% or more of the gross rental income from the building must be rental income from dwelling units.
B.
No. The building is not residential rental property. For a building to qualify as residential rental property, 80% or more of the gross rental income from the building must be rental income from dwelling units.
C.
No. The building is not residential rental property. For a building to qualify as residential rental property, 100% of the gross rental income from the building must be rental income from dwelling units.
D.
No. The building is not residential rental property. For a building to qualify as residential rental property, 85% or more of the gross rental income from the building must be rental income from dwelling units.

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