QUESTION 24 1 Grant paid the following taxes in the current year State income taxes $3,000 City real estate taxes $6,000 State/local sales taxes $2.000 Assuming that he wants to maximize his deductions, what is Grant's tax deduction on Schedule A? $9,000 $11,000 $10,000 $8,000 QUESTION 25 1. Brian purchased two automobiles for personal use. Automobile 1 had an adjusted basis of $20,000, and automobile 2 had an adjusted basis of $10,000. In the current year, Brian sold automobile 1 for $15,000 and automobile 2 for $15,000. What gain or loss should Brian recognize on the sales of the automobiles? Automobile 1, loss of $0, automobile 2.gain of $5,000 Automobile 1, loss of $5,000, automobile 2.gain of $5,000. ? Automobile 1, loss of $5,000, automobile 2.gain of $0. c Automobile 1, loss of $0; automobile 2gain of $0 QUESTION 26 1 An individual taxpayer reported the following net long-term capital gains losses Year 1. ($5,000). Year 2, $1,000; Year 3, S4,000 Assuming sufficient other taxable income in Years 1 through 3, what is the amount of net capital gain that the individual taxpayer should report in Year 3? $4,000 So I $1,000 $3,000