41. Gerald purchases a new home on June 30, 2019. During January 2020, he receives his real estate tax statement for the calendar year 2019 showing $1,800 payable. Gerald pays the $1,800 on March 1, 2020. The seller of the residence had credited Gerald with $900 of the 2019 taxes on the closing statement. What is the amount of real estate taxes that Gerald #may claim as an itemized deduction in 2020? a. $-0- b. $450 c. $900 d. $1,800 e. $2,700 38. Ronald pays the following taxes during the year: Real estate taxes on his personal residence Real estate taxes on rental property State sales tax (from Federal Sales Tax table) State income taxes Federal income taxes $4,500 2,000 1,000 7,400 5,400 What is the amount Ronald can deduct for taxes as an itemized deduction for the year? a. $4,500 b. $7,400 c. $10,000 d. $11,900 e. $13,900