Question: The Andes do not know whether they should take the standard deduction or itemize deductions this year. Which of the following statements is true in

The Andes do not know whether they should take the standard deduction or itemize deductions this year. Which of the following statements is true in relation to this issue?

It does not matter which deduction amount Larry and Lolita choose because they are equal.

Larry and Lolita should claim itemized deductions because this amount is greater than the standard deduction.

Larry and Lolita should claim the standard deduction because this amount is greater than the sum of their itemized deductions

If Larry and Lolita sell the United Motor Company stock, the loss will reduce their itemized deductions, making the standard deduction more attractive

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