During 2015 Ella paid the following taxes related to her home: Property taxes on residence (paid from
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Property taxes on residence (paid from escrow account).......................... $1,800
State personal property tax on her automobile (based on value)..................... 600
Property taxes on land held for long-term appreciation.................................400
What amount can Ella deduct as property taxes in calculating itemized deductions for 2015?
a. $400.
b. $1,000.
c. $2,400.
d. $2,800.
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Related Book For
Fundamentals Of Taxation 2016
ISBN: 9781259812774
9th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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