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In 2018, Jos purchased a house for $244,900. He used the house as his personal residence. In December 2021, when the fair market value of

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In 2018, Jos purchased a house for $244,900. He used the house as his personal residence. In December 2021, when the fair market value of the house was $304,000, he converted the house to rental property. If required, round your answers to the nearest dollar. Click here to access depreciation tables in the textbook. a. Jos's basis for cost recovery for the property is $ years, and it is subject to the b. Under MACRS, the cost recovery period for residential rental real estate is convention. c. The cost recovery for 2021 is $

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