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Deductions & credits
@jclem06 You had it correct in your previous post; you use the lesser of the fair market value of the property on the date you changed it to rental use or your adjusted basis on the date of the change.
See https://www.irs.gov/publications/p527#en_US_2018_publink1000219153
May 12, 2019
3:30 PM
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