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Bus 096 Federal tax accounting Janet purchased her personal residence in 2009 for $324,000. In January 2019, she converted it to rental property. The fair

Bus 096 Federal tax accounting

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Janet purchased her personal residence in 2009 for $324,000. In January 2019, she converted it to rental property. The fair market value at the time of conversion was $270,000. (Use Table 6A-6) 16 Required: points a. Determine the amount of cost recovery that can be taken in 2019. b. Determine the amount of cost recovery that could be taken in 2019 if the fair market value of the property were $416,000. Skipped (For all requirements, round your answers to 2 decimal places.) eBook Amount of Cost Print Recovery a References

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