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Mike sells his home to Jane on April 2, 2023. Jane pays the property taxes covering the full calendar year in October, which amount to
Mike sells his home to Jane on April 2, 2023. Jane pays the property taxes covering the full calendar year in October, which amount to $2,500. How much may Mike and Jane each deduct for property taxes in 2023? Use a 365-day year. If required, round any division to five decimal places and use rounded amounts in subsequent computations. Round your final answers to the nearest dollar. Mike's deduction Jane's deduction
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