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Subject:  Re: Another depreciation/basis question Date:  5/25/2020  10:21 PM
Author:  katiewa Number:  14292 of 14304

... because there is still a building on the property, I would say that using the current value of the land as a residential lot would still be appropriate, because that's what the lot was valued as when you put the property into service as a rental.

Thanks, AJ. That makes sense.

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