Uring the current year, Mr. and Mrs. West paid the following taxes:
Property taxes on re...
Business, 27.02.2020 17:47 caitlynnstokes
Uring the current year, Mr. and Mrs. West paid the following taxes:
Property taxes on residence $1,900
Special assessment for installation of a sewer system in their neighborhood $1,000
State personal property tax on their automobile (based on value) $400
Property taxes on land held for long-term appreciation $600
What amount can the Wests deduct as property taxes in calculating itemized deductions for the current year?
a. $2,900
b. $2,300
c. $1,900
d. $0
e. None of these choices are correct.
Answers: 2
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