Tax Drill - Deductible Real Estate Taxes Tabitha sells real estate...
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Tax Drill Deductible Real Estate Taxes
Tabitha sells real estate on March for $ The buyer, Ramona, pays the real estate taxes of $ for the calendar year, which is the real estate property tax year.
Round any division to four decimal places and use in subsequent calculations. Round your final answers to the nearest dollar. Assume days in a year.
of the real estate taxes is apportioned to and is deductible by the seller, Tabitha, and & of the taxes is deductible by Ramona. Ramona's basis in the property is $ and the amount realized by Tabitha from the sale is
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