Rico and Lucy Martin’s real property tax year is the calendar year, with payment due September 1. The Martins sold their old home on March 31 of the current year and bought a new home on April 30 of the current year. The annual real property taxes were $1,200 on their old home and $1,800 on their new home. 

What is the amount of the Martins’ deductible real estate taxes for the current year?

Answer rating: 100% (QA)

To calculate the deductible real estate taxes for the Martins for the current year we ... View the full answer