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Subject:  Re: Loss on rental house Date:  11/25/2012  1:41 AM
Author:  TMFPMarti Number:  116967 of 123001

So the tricky part is coming up with a FMV.

I'm going to stop dancing around the obvious and note that you didn't take care of business when you converted to rental, did you? That was the time you needed to ascertain FMV. Otherwise how would you be able to come up with a depreciable basis?

I strongly suggest that you hire he