Business, 16.03.2020 19:35 F3R

On April 1, 2018, Paul sold a house to Amy. The property tax on the house, which is based on a calendar year, was due September 1, 2018. Amy paid the full amount of property tax of $2,500. Calculate both Paul and Amy’s allowable deductions for the property tax. Assume a 365-day year. (Do not round your intermediate calculations. Round your final answers to two decimal places.)

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On April 1, 2018, Paul sold a house to Amy. The property tax on the house, which is based on a calen...

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