Charles has AGI of $37,500 and has made the following payments related to (1) land he inherited from his deceased aunt and (2) a personal vacation taken last year. $ 1,340 1,570 840 State inheritance tax on the land County real estate tax on the land School district tax on the land City special assessment on the land (new curbs and gutters) State tax on airline tickets (paid on vacation) Local hotel tax (paid during vacation) 816 336 234 Calculate the amount of taxes Charles may include in his itemized deductions for the year under the following circumstances: (Leave no answer blank. Enter zero if applicable.) Problem 7-25 Part-b (Algo) b. Suppose that Charles holds the land for rent. Deductible taxes from AGI