LO.1, 2 Jos purchased a house for $300,000 in 2009. He used the house as his personal
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LO.1, 2 José purchased a house for $300,000 in 2009. He used the house as his personal residence. In March 2012, when the fair market value of the house was $250,000, he converted the house to rental property. What is José’s cost recovery for 2012?
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Related Book For 
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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