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What is meant by 'maximum cost amount' in relation to property? Does this mean the sales price?
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October 31, 2019
2:35 AM
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- "Maximum cost amount during the year" refers to the maximum value of your property at any time in the year (any point in any given day in 2018).
- "Cost amount at end of year" refers to the value at the closing of 2018 TY, generally would be the acquisition cost of the property.
October 31, 2019
2:35 AM