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Fred gave his son Robert a rental house with an adjusted basis of $ 5 7 , 0 0 0 and an FMV of $

Fred gave his son Robert a rental house with an adjusted basis of $

57, 000

and an FMV of $

50, 000 .

No gift tax was paid on the transfer, and Robert never personally used the home. What is the house

s basis for depreciation if Robert uses it as rental property?

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