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Jose purchased a home for $300,000 in 2012. He used the house as his personal residence. In March 2015, when the fair market value of

Jose purchased a home for $300,000 in 2012. He used the house as his personal residence. In March 2015, when the fair market value of the house was $400,000, he converted the house to rental property. What is Jose's cost recovery for 2015?

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