Assume a 365-day year. Round any division to four decimal places. Round your final answers to the nearest dollar. a. How much of the property taxes can be deducted by Sally and how much by Kate? Sally can deduct $ Feedback Check My Work 3,461 X and Kate can deduct $ The term sale or other disposition is defined broadly in the tax law and includes virtually any disposition of property. Realized gain or loss difference between the amount realized from the sale or other disposition of property and the property's adjusted basis on the date of disp The amount realized from a sale or other disposition of property is a measure of the economic value received for the property given up. Feedback 10,269 X of the property taxes. b. What effect does the property tax apportionment have on Kate's adjusted basis in the property? Kate's adjusted basis for the property is increased ✔by the $ Check My Work Partially correct 3,461 X she paid that is apportioned to Sally. c. What effect does the apportionment have on Sally's amount realized from the sale? Sally paid none of the real property taxes and is amount realized is increased ✓ permitted to deduct the apportioned share of $ by this amount. 689,961 X. Her

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