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State tax filing
			
				
					
					
						@trapezewdc   Yes, to all of those questions.
Just a couple of notes:
#2: You can only deduct the business portion of the item.
#3: If it is an item, you deduct the LOWER of (1) your Basis (usually the purchase price) or (2) the Fair Market Value when it was converted to a rental item (then multiplied by your business percentage).
		
		
	
	
	
Just a couple of notes:
#2: You can only deduct the business portion of the item.
#3: If it is an item, you deduct the LOWER of (1) your Basis (usually the purchase price) or (2) the Fair Market Value when it was converted to a rental item (then multiplied by your business percentage).
			
    
	
		
		
		May 31, 2019
	
		
		5:33 PM