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Business, 07.04.2020 21:08 kalibaby

Pat converted her personal residence (cost $300,000) to rental property at a time when the FMV was $200,000. Depreciation of $60,000 is taken before the rental property is sold for $220,000. What is the gain/loss on the sale

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Pat converted her personal residence (cost $300,000) to rental property at a time when the FMV was $...
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