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Default Use Offset in formula

I'm trying to write a formula in a cell, =Text(B1, "mm/dd") where B1 is the
cell to the right of the cell I'm writing the formula in. Am I at all close
with the following? It's not working. Thanks for your help.

Selection.Formula = "=TEXT(Offset(rowOffset:=0, columnOffset:=1),"mm/dd")"
 
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