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Bill Soto purchases a home from Sandra Hill with a September 1 ?closing date. The...

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Accounting

Bill Soto purchases a home from Sandra Hill with a September 1 ?closing date. The real estate tax year in the area was the calendar year. The real estate tax due for the year was $3,600 ?and was paid by Sandra on August 1. ?How much of the total tax paid can Sandra use if she takes an itemized expense deduction for taxes paid?
Select one:
a. ?$3,600
b. ?$2,400
c. ?$1,200
d. ?$0
In order for a repair to be considered a deprecijble tax deduction, it must meet the following requirements:
Select one:
a. ?The repair must include the completion of regularly scheduled maintenance on the property
b. ?The repair can only be depreciated if it increases the useful life of the property
C. ?The repair can only be depreciated if it increases the value of the property
d. ?The repair must increase the value of the property, make it more useful, or lengthen its useful life
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