[TalkNerdyToMe]

Either Wiley is wrong, or I’m confused.. I’m working on a problem where I have to calculate the taxable income of a single individual for her 2017 tax return. In the letter to her CPA, she wrote that she did not pay the real estate taxes until 2018, and I left it out of her 2017 itemized deductions. For Wiley’s calculation of her taxable income, the real estate taxes were included in 2017 Schedule A even though unpaid until 2018. Am I missing something here? Help!

[Troys22]

Generally, RE taxes are taken as an itemized deduction in the year of the actual payment. For what you have described, it sounds like the Wiley software is wrong. Take a look at the corresponding mentoring section and see if other candidates have asked the question.

[TalkNerdyToMe]

Where do I find that? It's one of the questions on an unlimited practice exam.

[TalkNerdyToMe]

I see the mentoring section now. I'm going to post. Thank you!

[Author]

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