Antonio sold his personal residence to Mina on July 1, 2012. He had paid real property taxes on March 1, 2012, the due date for property taxes for 2012. How will Antonio's payment affect his deduction for property taxes in 2012? Will Antonio's payment of the taxes have any effect on Mina's itemized deductions for 2012? What other tax or financial effects will Antonio's payment of the taxes have on either party?
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