Janet purchased her personal residence in 2006 for $348,000. In January 2016, she converted it to rental property. The fair market value at the time...

Janet purchased her personal residence in 2006 for $348,000. In January 2016, she converted it to rental property. The fair market value at the time of conversion was $290,000. (Use Table 6A-6) (Round your answer to 2 decimal places.)