Question: George Granger sold a plot of land to Albert King on July 1, 2010. Granger had not paid any realty taxes on the land since
George Granger sold a plot of land to Albert King on July 1, 2010. Granger had not paid any realty taxes on the land since 2008. Delinquent 2009 taxes amounted to $600, and 2010 taxes amounted to $700. King paid the 2009 and 2010 taxes in full in 2010, when he bought the land. What portion of the $1,300 is deductible by King in 2010?
a. $ 353
b. $ 700
c. $ 952
d. $1,300
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