What is meant by 'maximum cost amount' in relation to property? Does this mean the sales price?
"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, 20192:35 AM
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