11-31 Real Estate Tax Apportionment. S sells her home located in Blue Springs, Missouri, on March 1, 2021. Blue Springs assesses real property taxes at the beginning of each calendar year for the entire year, and the property tax becomes a personal liability of the owner of real property on January 1. The tax is payable on April 1, 2021. Buyer B paid $80,000 for the home on March 1, 2021, and also paid the $1,200 real estate taxes on April 1. Both Sand B are cash basis, calendar year taxpayers. a. How much of the $1,200 in real estate taxes is deductible by S? What adjust- ment must S make to the amount she realized from the sale? b. How much of the $1,200 in taxes is deductible by B? How will he treat any of the taxes paid which are attributable to S