During 2019Noriko paid the following taxes related to her home: Real Estate property taxes on residence (paid
Question:
During 2019Noriko paid the following taxes related to her home:
Real Estate property taxes on residence (paid from escrow account).................$1,800
State personal property tax on her automobile (based on value)..............................600
Property taxes on land held for long-term appreciation.............................................400
What amount can Noriko deduct as property taxes in calculating itemized deductions, assuming she was under the $10,000 limit for state and local taxes,for 2019?
a. $400.
b. $1,000.
c. $2,400.
d. $2,800.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Taxation 2020 Edition
ISBN: 9781260483147
13th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
Question Posted: