What amount qualifies as a deduction from agi


During 2008, Molly paid the following taxes:

Taxes on residence (for the period from March 1 through August 31, 2008) $7,155
State motor vehicle tax (based on the value of the personal use automobile) 220

Molly sold her personal residence on May 30, 2008, under an agreement in which the real estate taxes were not prorated between the buyer and the seller. What amount qualifies as a deduction from AGI for 2008 for Molly?

 

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Accounting Basics: What amount qualifies as a deduction from agi
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