! Required information (The following information applies to the questions displayed below.) In each of the following independent cases, indicate the amount (1) deductible for AGI, (2) deductible from AGI, and (3) deductible neither for nor from AGI before considering income limitations or the standard deduction. (Leave no answer blank. Enter zero if applicable.) e. Mary, a professor at a community college, spent $595 for magazine subscriptions. The magazines were helpful for her research activities, but she was not reimbursed for the expenditures. Deductible for AGI Deductible from AGI Not deductible ! Required information [The following information applies to the questions displayed below.) Charles has AGI of $39,500 and has made the following payments related to (1) land he inherited from his deceased aunt and (2) a personal vacation taken last year. State inheritance tax on the land County real estate tax on the land School district tax on the land City special assessment on the land (new curbs and gutters) State tax on airline tickets (paid on vacation) Local hotel tax (paid during vacation) $1,360 1,510 795 930 333 268 Calculate the amount of taxes Charles may include in his itemized deductions for the year under the following circumstances: (Leave no answer blank. Enter zero if applicable.) b. Suppose that Charles holds the land for rent. Deductible taxes from AGI ! Required information (The following information applies to the questions displayed below.] Charles has AGI of $39,500 and has made the following payments related to (1) land he inherited from his deceased aunt and (2) a personal vacation taken last year. State inheritance tax on the land County real estate tax on the land School district tax on the land City special assessment on the land (new curbs and gutters) State tax on airline tickets (paid on vacation) Local hotel tax (paid during vacation) $1,360 1,510 795 930 333 268 Calculate the amount of taxes Charles may include in his itemized deductions for the year under the following circumstances: (Leave no answer blank. Enter zero if applicable.) a. Suppose that Charles holds the land for appreciation. Deductible taxes from AGI ! Required information (The following information applies to the questions displayed below.) In each of the following independent cases, indicate the amount (1) deductible for AGI, (2) deductible from AGI, and (3) deductible neither for nor from AGI before considering income limitations or the standard deduction. (Leave no answer blank. Enter zero if applicable.) e. Mary, a professor at a community college, spent $595 for magazine subscriptions. The magazines were helpful for her research activities, but she was not reimbursed for the expenditures. Deductible for AGI Deductible from AGI Not deductible ! Required information [The following information applies to the questions displayed below.) Charles has AGI of $39,500 and has made the following payments related to (1) land he inherited from his deceased aunt and (2) a personal vacation taken last year. State inheritance tax on the land County real estate tax on the land School district tax on the land City special assessment on the land (new curbs and gutters) State tax on airline tickets (paid on vacation) Local hotel tax (paid during vacation) $1,360 1,510 795 930 333 268 Calculate the amount of taxes Charles may include in his itemized deductions for the year under the following circumstances: (Leave no answer blank. Enter zero if applicable.) b. Suppose that Charles holds the land for rent. Deductible taxes from AGI ! Required information (The following information applies to the questions displayed below.] Charles has AGI of $39,500 and has made the following payments related to (1) land he inherited from his deceased aunt and (2) a personal vacation taken last year. State inheritance tax on the land County real estate tax on the land School district tax on the land City special assessment on the land (new curbs and gutters) State tax on airline tickets (paid on vacation) Local hotel tax (paid during vacation) $1,360 1,510 795 930 333 268 Calculate the amount of taxes Charles may include in his itemized deductions for the year under the following circumstances: (Leave no answer blank. Enter zero if applicable.) a. Suppose that Charles holds the land for appreciation. Deductible taxes from AGI
