For purposes of calculating depreciation,property converted from personal use to business use will take on a basis equal to the greater of its FMV or its adjusted basis on the date of the conversion.

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When property is converted from personal use to business use, the basis for depreciation is the lesser of its fair market value (FMV) or its adjusted basis on the date of conversion.

For Purposes of Calculating Depreciation,property Converted from Personal Use to Business