During 2015, Jack and Mary Bronson paid the following taxes:
- Taxes on residence (for period January 1 to December 31, 2015) : $2,700
- State motor vehicle tax on value of the car : $360
The Bronson sold their house on June 30, 2015, under an agreement in which the real estate taxes were not prorated between the buyer and sellers. What mount should the Bronsons deduct as taxes in calculating itemized deductions for 2015?
a. $1,350
b. $1,692
c. $2,160
d. $3,070
Answer: B
CPA Exam
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