Arianna's personal residence has an adjusted basis of $308,150 and a fair market value of $277,335. Arianna converts the personal residence to rental property. What is Arianna's gain basis? What is her loss basis? Arianna's basis for gain is $ and her basis for loss is $
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Arianna's personal residence has an adjusted basis of $308,150 and a fair market value of $277,335....
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