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In Hampden County, the real property tax year is the calendar year. The real property...

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Accounting

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In Hampden County, the real property tax year is the calendar year. The real property tax becomes a personal liability of the owner of real property on January 1 in the curren property tax year (assume that this year is not a leap year). The tax is payable on June 1. On May 1, Nick sells his house to Erin for $350,000. On June 1, Erin pays the entire tax of $7.950 for the year ending December 31. Assuming that Nick itemizes his deductions and the $10,000 limit on state and local taxes does not apply, how much of the pu taxes may Nick deduct? ca. $0 ob $2.614 OC. $2,650 d. $7,950

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