The real property tax year in adams county is the calendar, Ask an Expert

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""The real property tax year in Adams County is the calendar year. The real property tax becomes a person liability of the owner of real property on January 1 in the current real property tax year 2009. The tax is payable on July 1, 2009. On June 30, 2009, Phil sells his house to Cheryl fot $330,000. On July 1, 2009, Cheryl pays the entire real estate tax of $5,475 for the year ending December 31, 2009.
a. How much of the property taxes may Phil deduct?
c. What is Cheryl basis in the property?"

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M971319

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