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URL:  http://boards.fool.com/basis-of-property-changed-to-rental-use-when-you-30398554.aspx

Subject:  Re: Loss on rental house Date:  11/25/2012  6:10 PM
Author:  doubtit Number:  116971 of 121572

Basis of Property Changed to Rental Use

When you change property you held for personal use to rental use (for example, you rent your former home), the basis for depreciation will be the lesser of fair market value or adjusted basis on the date of conversion.
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