Fred gave his son Robert a rental house with an adjusted basis of $ 5 7 ,
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Fred gave his son Robert a rental house with an adjusted basis of $ and an FMV of $ No gift tax was paid on the transfer, and Robert never personally used the home. What is the houses basis for depreciation if Robert uses it as rental property?
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The basis for depreciation of the rental house for Robert would be the lower of the ... View the full answer
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