https://www.taxtmi.com/forum/issue?id=2750 Capital gains treatment on sale depends on whether the office was a proprietor's fixed (depreciable) asset with depreciation claimed-leading to short term capital gains-or whether depreciation was not claimed and the property was reclassified as an investment property, in which case the date of conversion determines short term or long term classification. en-us Mon, 07 Feb 2011 15:16:26 +0530 Thu, 23 Jan 2025 15:58:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2750 Capital gains treatment on sale depends on whether the office was a proprietor's fixed (depreciable) asset with depreciation claimed-leading to short term capital gains-or whether depreciation was not claimed and the property was reclassified as an investment property, in which case the date of conversion determines short term or long term classification. Discussion-Forum Income Tax Mon, 07 Feb 2011 15:16:26 +0530 https://www.taxtmi.com/forum/issue?id=2750