How much of the property taxes may julio deduct


In Shelby County, the real property tax year is the calendar year. The real property tax becomes a personal liability of the owner of real property on January 1 in the current real property tax year, 2009. The tax is payable on June 1, 2009. On April 30, 2009, Julio sells his house to Anita for $230,000. On June 1, 2009, Anita pays the entire real estate tax of $7,300 for the year ending December 31, 2009. How much of the property taxes may Julio deduct?

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Accounting Basics: How much of the property taxes may julio deduct
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