During the year, Mr. Jones had the following expenditures relating to commercial real estate that he owns:
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Question:
During the year, Mr. Jones had the following expenditures relating to commercial real estate that he owns:
County property tax
$1,850
State property tax
920
Assessment for sewer construction
1,200
Charges for sewer and water service
810
What is the amount Mr. Jones 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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