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Donna, a single, cash-method taxpayer, paid the following taxes in the current year: Donna's employer withheld $5,900 for federal income taxes, $2,200 for state income
Donna, a single, cash-method taxpayer, paid the following taxes in the current year: Donna's employer withheld $5,900 for federal income taxes, $2,200 for state income taxes, and $3,500 for FICA from her paychecks. Donna purchased a new car and paid $660 in sales tax and $110 for the license. The car's FMV was $22,000 and it weighed 3,000 pounds. The county also assessed a property tax on the car. The tax was 4% of the car's value and $20 per hundredweight. Donna uses the car 100% of the time for personal purposes. Donna sold her house on June 5 of the current year. The county's property tax on the home for the year is $1,900, payable on February 1 of the current year. The county's real property tax year is the calendar year. Donna's AGI for the year is $59,000 and her other itemized deductions exclusive of taxes are $7,300 (disregard any leap year). Read the requirements. Requirement a. What is Donna's deduction for taxes in the current year? (Assume that the purchaser owns the house on the date of the sale. Round your answers to the nearest dollar. If an input field is not used in the table, leave the input field empty; do not select a label or enter a zero.) Requirements a. What is Donna's deduction for taxes in the current year? b. Where should Donna report her deduction for the taxes on her tax return
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