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Determine cost basis of a rental property live in 8 years
I purchase a house 380K in 2010 and last year May 2018 moved to a new house and rental old house in July.
I had the house appraised in August (600k). how do I determine cost basis for this house ?
Based on 380K ? Land or building
Based on 600K ? Land or building
‎January 30, 2019
12:39 PM