Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During 2020, Donna Davis (adjusted gross income of $70,000) paid the amounts listed below. Real estate tax (principle residence) $4,000 Real estate tax (vacation home)

During 2020, Donna Davis (adjusted gross income of $70,000) paid the amounts listed below.

Real estate tax (principle residence) $4,000

Real estate tax (vacation home) 1,000

Real Estate tax (a 2d vacation home) 900

State Income Tax 4,500

City Sales Tax 2,800

State Sales tax (paid to another state while on vacation) 210

State gasoline tax (personal vehicle) 400

Dog license 20

Real estate tax on residence belonging to taxpayer's mother 700

What amount should Donna claim as an itemized deduction for taxes on her 2020 Form 1040?

A 11,100

B 9,500

C 13,410

D 10,400

E None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Non-Technical Guide To International Accounting

Authors: Roger Hussey, Audra Ong

1st Edition

1946646865, 9781946646866

More Books

Students also viewed these Accounting questions

Question

3. Describe the process of a union drive and election.

Answered: 1 week ago

Question

6. What actions might make employers lose elections?

Answered: 1 week ago