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During the year, Mr. Stone had the following expenditures relating to commercial real estate that he owns: County property tax $1,200 State property tax 600
During the year, Mr. Stone had the following expenditures relating to commercial real estate that he owns:
County property tax
$1,200
State property tax
600
Assessment for street construction
500
Charges for sewer and water service
800
What is the amount Mr. Stone can deduct as real estate taxes on his commercial real estate for the year?
County property tax
$1,200
State property tax
600
Assessment for street construction
500
Charges for sewer and water service
800
What is the amount Mr. Stone can deduct as real estate taxes on his commercial real estate for the year?
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
