Question
1) Blake sold a house to Miranda on July 1, Blake paid the entire calendar -year property taxes of $4,380 on June I. How much
1) Blake sold a house to Miranda on July 1, Blake paid the entire calendar -year property taxes of $4,380 on June I. How much will each of them been titled to deduct for the year?
2) The interest paid on Josephine Young's personal residence for the year 2019 totals $4,800; the Interest paid on her personal credit card Is $80: the Interest paid on a note to the National Bank ( of which was used to buy state and municipal bonds, the rest to buy stock) Is $1,000, If she has Interest Income of $2,000, what Is Josephine's total Interest deduction for the year?
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