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Re: New Student
Hi Katrice,
Welcome! I just started this week myself and want to congratulate you in taking these first steps towards success! 👏
Re: Question 48, sample test #2 page p. 502 in Modern Real Estate Book
It should state the buyer will be debited. The answer is A (I am working to get this corrected)
This is a generic question not related to any specific state
You are correct this is not a CA specific question. The fiscal year you stated is correct for CA.
The question does not state a fiscal year it has says a calendar year which is 360 days for proration.
Re: Question 48, sample test #2 page p. 502 in Modern Real Estate Book
Why would the buyer be credited if the taxes were pre-paid by the seller?
What state does this question apply to?
The fiscal year for California runs from July 1st to June 30th, so this is not specific to California.
What is the fiscal tax year here?
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