Question: Problem 6 - 4 1 ( LO 6 - 1 , LO 6 - 2 ) ( Algo ) Skip to question [ The following
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Charles has AGI of $ 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 $
County real estate tax on the land
School district tax on the land
City special assessment on the land new curbs and gutters
State tax on airline tickets paid on vacation
Local hotel tax paid during vacation
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 Parta Algo
a Suppose that Charles holds the land for appreciation.
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