Jos purchased a house for $191,400 in 2014. He used the house as his personal residence. In June 2017, when the fair market value of the house was $350,800, he converted the house to rental property.

Complete the items below.

If required, round your answers to the nearest dollar.

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a.Jos's basis for cost recovery for the property is $ .

b.Under MACRS, the cost recovery period for residential rental real estate is 27.5

• 15
• 27.5
• 31.5

• years, and it is subject to the mid-monthmid-month
• mid-quarter
• half-year

convention.

c.The cost recovery for 2017 is