A taxpayer who purchases real property during the year is allowed to deduct the property taxes on that property for the entire year in which the property was purchased.

Name: A taxpayer who purchases real property during the year is allowed to deduct the property taxes on that property for the entire year in which the property was purchased.
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Question

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The deduction is based on proportion of the year the taxpayer lived in the home no matter who actually pays the tax.

A Taxpayer Who Purchases Real Property During the Year Is