During the year, Mr. Stone had the following expenditures relating to commercial real estate that he owns:
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Question:
County property tax
$1,200
State property tax
600
Assessment for street construction
500
Charges for sewer and water service
800
What is the amount Mr. Stone can deduct as real estate taxes on his commercial real estate for the year?
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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