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What is José cost recovery

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Problem - In 2016, José purchased a house for $325,000 ($300,000 relates to the house; $25,000 relates to the land). He used the house as his personal residence. In March 2019, 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 2019?

Reference no: EM132667549

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