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Consider the question below from Gleim 6 MC (note that I have posted additional explanations on BlackBoard). Required: Please complete 2020 Schedule A Itemized Deductions
Consider the question below from Gleim 6 MC (note that I have posted additional explanations on BlackBoard). Required: Please complete 2020 Schedule A Itemized Deductions (use Google) and complete the Taxes You Paid section. I suggest you download the instructions too, as there may be follow-up assignments on deductions. 1. (2) Please attach the completed Schedule A. 2. (1.5) If this were the only deductions, would the Davises prepare Schedule A [7] During the current year, Paul and Mary Davis, cash-basis taxpayers, paid the following taxes: State income taxes withheld $ 300 Estimated federal income tax 250 Estimated state income tax 1,500 Sales tax on new auto used 60% for business 1,400 State gift tax 1,000 Property tax, including $50 for trash pickup 2,600 Property tax on their vacation home in Canada 1,000 on their current-vear federal
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