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40. Tamara paid the following taxes this year: Real estate taxes on rental property she owns Real estate taxes on her own residence Federal income

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40. Tamara paid the following taxes this year: Real estate taxes on rental property she owns Real estate taxes on her own residence Federal income taxes State income taxes $7,000 5,500 15,000 4,250 of For 2019, what amount of taxes (SALT) can Tamara deduct as an itemized deduction on her tax return? A) $9,750 B) $10,000 C) $11,750 D) $13,500 Real estate taxes on property =(7000+5500) =12500 State income taxes = 4250 Total = 16750 Maximum deduction is restricted to the upper limit of $12200 So answer is

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