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Financial Planning / Tax Strategies


Subject:  Re: Converting Condo home to rental property Date:  5/8/2004  6:23 PM
Author:  edcosoft Number:  71768 of 123001

I would keep the receipts as you never know when or why you sold what the tax consequences will be on real estate. Any imporvement after you bought would add to your basis and general repairs would not. When converting, your basis to depreci