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URL:https://www.learndesk.us/class/6271362765160448/lesson/0401cdd272f68f513d7c2896cd4d6cf6?ref=outlook-calendar
SUMMARY:365-Day Method
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
LOCATION:https://www.learndesk.us/class/6271362765160448/lesson/0401cdd272f68f513d7c2896cd4d6cf6?ref=outlook-calendar
DESCRIPTION: Formula: Daily amount = (Annual amount ÷ 365) or (Monthly amount ÷ Length of month)
Proration = Daily amount multiplied by the # days
Example: An annual tax bill is $1,800. Closing is on April 10. What is the seller’s share of the taxes?

Daily amount = ($1,800 ÷ 365) = $4.93
Jan 1 thru April 10 = (31 + 28 + 31 + 10) days, or 100 days
Proration = $4.93 x 100 days = $493 seller’s share


https://www.learndesk.us/class/6271362765160448/lesson/0401cdd272f68f513d7c2896cd4d6cf6?ref=outlook-calendar
STATUS:CONFIRMED
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