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Required information The following information applies to the questions displayed below! Charles has AGI of $44.500 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 $44.500 and has made the following payments related to (1) land he inherited from his deceased aunt and (2) a personal vacation taken last year. $1,400 2,400 756 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) 852 144 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.) Charles has AGI of $44.500 and has made the following payments related to (1) land he inherited from his deceased aunt and (2) a personal vacation taken last year. $1,400 2,400 756 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) 852 213 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. Required information The following information applies to the questions displayed below) Charles has Al of $44.500 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 $1,400 2,400 756 curbs and gutters) 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.) 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 ACI

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