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Trent Sells His Personal Residence to Chester on July 1,2016

Question 29

True/False

Trent sells his personal residence to Chester on July 1,2016.He had paid $7,000 in real property taxes on March 1,2016,the due date for property taxes for 2016.Trent may not deduct the portion of the taxes he paid for the period the property was owned by Chester.

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