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QUESTION
Jose purchase 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...
Jose purchase 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
