Question: Problem 6 - 4 1 ( LO 6 - 1 , LO 6 - 2 ) ( Algo ) Skip to question [ The following

Problem 6-41(LO 6-1, LO 6-2)(Algo)
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Charles has AGI of $48,500 and has made the following payments related to
land he inherited from his deceased aunt and
a personal vacation taken last year.
State inheritance tax on the land $1,270
County real estate tax on the land 2,290
School district tax on the land 921
City special assessment on the land (new curbs and gutters)960
State tax on airline tickets (paid on vacation)189
Local hotel tax (paid during vacation)249
Calculate the amount of taxes Charles may include in his itemized deductions for the year under the following circumstances:
Note: Leave no answer blank. Enter zero if applicable.
Problem 6-41 Part-a (Algo)
a. Suppose that Charles holds the land for appreciation.

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