Question
This year, a single taxpayer, paid $15,000 of real estate taxes on her personal residence and 9,500 of state income taxes. Which of the following
This year, a single taxpayer, paid $15,000 of real estate taxes on her personal residence and 9,500 of state income taxes. Which of the following is a true?
A. TP can deduct $24,500 of taxes as an itemized deduction.
B. TP can deduct $9,500 of state income taxes as a for AGI deduction.
C. TP can deduct $10,000 of taxes as an itemized deduction.
D. TP can deduct $10,000 of taxes as a "For" AGI deduction.
E. TP can deduct $15,000 of real estate taxes as an itemized deduction.
Which of the following audits is the most common and typically less comprehensive?
A. Office.
B. Correspondence.
C. Field.
D. Random.
E. None of the choices are correct.
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