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In march 2014 when the fair market value of the house was

Question - Jose 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 Jose's cost recovery for 2014?

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Accounting Basics: In march 2014 when the fair market value of the house was

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Accounting Basics: In march 2014 when the fair market value of the house was

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