Trent sells his personal residence to Chester on July 1,2015.He had paid $7,000 in real property taxes on March 1,2015,the due date for property taxes for 2015.Trent may not deduct the portion of the taxes he paid for the period the property was owned by Chester.

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Since Trent only owned the property until July 1, 2015, he can only deduct the portion of the property taxes he paid for the period of time he owned the property. Any property taxes paid after he sold the property to Chester cannot be deducted by Trent.

Trent Sells His Personal Residence to Chester on July 1,2015