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QUESTION 9 0.5p Ina pays $320 to license her car, of which $280 is based on the value of the car. She can deduct $320

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QUESTION 9 0.5p Ina pays $320 to license her car, of which $280 is based on the value of the car. She can deduct $320 as an itemized deduction. True False QUESTION 10 0.5 p Under the Tax Cuts and Jobs Act of 2017, there is currently still an applicable phaseout of itemized deductions. True False QUESTION 11 0.5 p The realized gain or loss is the difference between the amount realized from a sale or other disposition and the property's adjusted basis. True False QUESTION 12 0.5 p The adjusted basis of property is not increased by the cost of repairs and maintenance to the property. True False

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