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| Mr. and Mrs. Donald Curry’s real property tax year is on a calendar-year basis, with payments due annually on August 1. The realty taxes on their home amounted to $1,200 in 2012, but the Currys did not pay any portion of that amount since they sold the house on April 1, 2012, 4 months before payment was due. However, realty taxes were prorated on the closing statement. Assuming that they owned no other real property during the year, how much can the Currys deduct on Schedule A of Form 1040 for real estate taxes in 2012? A. $1,200 B. $ 800 C. $0 D. $ 298 |