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Required information (The following information applies to the questions displayed below.) Charles has AGI of $46,500 and has made the following payments related to (1)

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Required information (The following information applies to the questions displayed below.) Charles has AGI of $46,500 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 $2,070 County real estate tax on the land 1,680 School district tax on the land 780 City special assessment on the land (new curbs and gutters) 852 State tax on airline tickets (paid on vacation) Local hotel tax (paid during vacation) 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.) 387 292 a. Suppose that Charles holds the land for appreciation. Deductible taxes from AGI b. Suppose that Charles holds the land for rent. Deductible taxes from AGI c. Suppose that Charles holds the land for appreciation and that the vacation was actually a business trip. (Apply limits if applicable.) Deductible taxes from AGI

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