José purchased a house for $300,000 in 2011. He used the house as his personal residence. In

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José purchased a house for $300,000 in 2011. He used the house as his personal residence. In March 2014, when the fair market value of the house was $400,000, he converted the house to rental property. What is José's cost recovery for 2014?

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South Western Federal Taxation 2015

ISBN: 9781305310810

38th Edition

Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young

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Question Posted: Dec 22, 2016 01:10 AM

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José purchased a house for $300,000 in 2011. He used the house as his personal residence. In

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Joss basis for cost recovery is 300000 because ...View the full answer

South Western Federal Taxation 2015

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