The 3600 of property taxes for the house were prorated with, Ask an Expert

Accounting

"The $3,600 of property taxes for the house were prorated with $1,950 being apportioned to the seller and $1,650 being apportioned to the buyer. In December of the current year the buyer paid $3,600 for property taxes."

Which number should the buyer include in his Schedule A, tax return (3600+1950 or 3600+1650)?

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Auditing, Accounting

Category:- Auditing
Reference No.:- M9394447

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