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I'm getting the wrong answer on the following and not sure what I am doing wrong. On April 1, 2018, Paul sold a house to
I'm getting the wrong answer on the following and not sure what I am doing wrong.
On April 1, 2018, Paul sold a house to Amy. The property tax on the house, which is based on a calendar year, was due September 1, 2018. Amy paid the full amount of property tax of $1,600. Calculate both Paul and Amy's allowable deductions for the property tax. Assume a 365-day year.(Do not round your intermediate calculations. Round your final answers to two decimal places.)
Allowable Deduction
Paul
Amy
I get $1065.20 for Paul and for Amy I get 534.80.
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