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On April 1, 2021, Farid sold a house to Amy. The property tax on the house, which is based on a calendar year, was
On April 1, 2021, Farid sold a house to Amy. The property tax on the house, which is based on a calendar year, was due September 1. 2021. Amy paid the full amount of property tax of $1,700. Required: Calculate both Farid's and Amy's allowable deductions for the property tax. Assume a 365-day year. Note: Do not round your intermediate calculations. Round your final answers to 2 decimal places. Farid Amy Allowable Deductions
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