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In 2019, Jos purchased a house for $244,900. He used the house as his personal residence. In December 2022, when the fair market value of
In 2019, Jos purchased a house for $244,900. He used the house as his personal residence. In December 2022, when the fair market value of the house was $362,500, he converted the house to rental property.
The cost recovery for 2022 is
please show all work, thanks.
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