Trent sells his personal residence to Chester on July 1, 2019.He had paid $7,000 in real property taxes on March 1,
2019, the due date for property taxes for 2019.Trent may not deduct the portion of the taxes he paid for the period the property was owned by Chester.

Question

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Trent may only deduct the portion of property taxes that he paid for the period of time in which he owned the property, which would be from January 1, 2019 to July 1, 2019. Any property taxes paid by Trent for the period of ownership by Chester would not be deductible by Trent.

Trent Sells His Personal Residence to Chester on July 1