Which of the following taxes may be deducted 1040, Schedule A? Homeowners' association charges. E....
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Which of the following taxes may be deducted 1040, Schedule A? Homeowners' association charges. E. Assessments for sewer lines. CState o State and local taxes on gasoline. income taxes on municipal bond interest. 6.2.5. During the current year, Paul and Mary Davis, sh-basis taxpayers, paid the following taxes: $ 300 te income taxes withheld Estimated federal income tax 250 1,500 Estimated state income tax Sales tax on new auto used 60% for 1,400 1,000 2,600 business State gift tax Property tax, including $50 for trash pickup Property tax on their vacation home in Canada 1,000 What amount can Mary and Paul claim as an itemized deduction on their current-year federal income tax return? A. $4,350 B. $5,350 C. $6,350 D. $6,400
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