Question: Please complete 2022 Schedule A Itemized Deductions, complete the taxes you paid (to state and local governments) section. If this were the only deductions. Would
Please complete 2022 Schedule A Itemized Deductions, complete the taxes you paid (to state and local governments) section.
If this were the only deductions. Would the Davises prepare Schedule A? Explain
What amount and line numbers on Schedule A 2022 form to be entered
During the current year, Paul and Mary Davis, cash-basis taxpayers, paid the following taxes: state income taxes withheld (300) estimated federal income tax (250) estimated state income tax (1500) sales tax on new auto used 60% for business (1400) state gift tax (1000) property tax including $50 for trash pick up (2600) property tax on vacation home in Canada (1000) what amount can Mary and Paul claim as an itemized deduction on their current-year federal income tax return?
- $5,350
- $4,350
- $6,350
- $6,400
The correct answer is B
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