Mike sells his home to Jane on April 2, 2015. Jane pays the property taxes covering the

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Mike sells his home to Jane on April 2, 2015. Jane pays the property taxes covering the full calendar year in October, which amount to $2,500. How much may Mike and Jane each deduct for property taxes in 2015?
Mike's deduction $
Jane's deduction $

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Income Tax Fundamentals 2016

ISBN: 9781337343527

34th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

Question Posted: Sep 11, 2016 11:40 AM

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