The $3,600 of property taxes for the house in Orlando were prorated with $1,950 being apportioned to the seller and $1,650 being apportioned to the buyer. In December of the current year she paid $3,600 for property taxes."State income taxes paid in California 2,900.
At the beginning of the current year, Donna Harp was employed as a cinematographer by Farah Movie, Inc., a motion picture company in Los Angeles, California. In June, she accepted a new job with Ocala Production in Orlando, Florida. Donna is single and her Social Security number is XXXXX She sold her house in California on August 10 for $500,000. She paid a $14,000 sales commission. The house was acquired on March 23, 1987, for $140,000. The cost of transporting her household goods and personal effects from California to Orlando amounted to $2,350. To travel from California to Florida, she paid travel and lodging costs of $370 and $100 for meals. On July 15, she purchased a house for $270,000 on 1225 Minnie Lane in Orlando. To purchase the house, she incurred a 20-year mortgage for $170,000. To obtain the loan, she paid points of $3,400. The $3,600 of property taxes for the house in Orlando were prorated with $1,950 being apportioned to the seller and $1,650 being apportioned to the buyer. In December of the current year she paid $3,600 for property taxes.
Other information related to her return:
- Salary from Farah Movie, Inc. $30,000
- Salary from Ocala Production, Inc. $70,000
- Federal income taxes withheld by Farah 6,000
- Federal income taxes withheld by Ocala 22,000
- FICA taxes withheld by Farah 2,295
- FICA taxes withheld by Ocala 5,355
- Dividend income 10,000 Interest paid for mortgage:
- Home in California 6,780
- Home in Orlando 3,800
- Property taxes paid in California 4,100
- Sales taxes paid in California and Florida 3,125
- State income taxes paid in California 2,900
- Interest income from Sun National Bank 1,800