Question
During 2020, Noriko paid the following taxes related to her home: Real estate property taxes on residence (paid from escrow account) $ 1,800 State personal
During 2020, Noriko paid the following taxes related to her home:
| Real estate property taxes on residence (paid from escrow account) | $ 1,800 |
|---|---|
| State personal property tax on her automobile (based on value) | 600 |
| Property taxes on land held for long-term appreciation | 400 |
What amount can Noriko deduct as property taxes in calculating itemized deductions, assuming she was under the $10,000 limit for state and local taxes, for 2020?
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Essentials Of Forensic Accounting
Authors: Michael A Crain, William S Hopwood
2nd Edition
1948306441, 978-1948306447
