Essay
Meade paid $5,000 of state income taxes in 2019. The total actual sales taxes paid during 2019 was $4,500, which did not include $3,000 for the sales taxes paid in 2019 on Meade's new boat. How should Meade treat the taxes paid in his 2019 tax return?
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Meade can deduct the greater of the sale...View Answer
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