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In the 2019 tax year, Michelle paid the following amounts relating to her 2017 tax return: Tax deficiency $5,000 Negligence penalty 1,000 Interest 500 Underpayment
In the 2019 tax year, Michelle paid the following amounts relating to her 2017 tax return:
Tax deficiency
$5,000
Negligence penalty
1,000
Interest
500
Underpayment of the estimated tax penalty
350
Which of the above items may be deducted on Michelles 2019 individual income tax return? Explain
response should be 200 words or more
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