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Omar paid the following taxes this year: Real estate taxes on rental property he owns $5,000 Real estate taxes on his own residence 7,600 Federal
Omar paid the following taxes this year:
Real estate taxes on rental property he owns
$5,000
Real estate taxes on his own residence
7,600
Federal income taxes
12,000
State income taxes
4,400
Local city income taxes
400
What amount can Omar deduct as an itemized deduction on his tax return?
A) $7,600
B) $10,000
C) $12,400
D) $29,400
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