Question
During 2020, David, a self-employed individual, paid the following taxes: Federal income tax $15,000 State income tax 6,500 Real estate taxes on land in South
During 2020, David, a self-employed individual, paid the following taxes:
| Federal income tax | $15,000 |
| State income tax | 6,500 |
| Real estate taxes on land in South America (held as an investment) | 700 |
| State sales taxes | 300 |
| Personal property taxes based upon value | 1,600 |
| Federal self-employment tax | 800 |
What amount can David claim as an itemized deduction for taxes paid for 2020?
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Forecasting Volatility In The Financial Markets
Authors: Stephen Satchell, John Knight
2nd Edition
0750655151, 9780750655156
