Multiple Choice
Which of the following statements regarding deductions for real property taxes is correct?
A) Real property taxes paid on an individual's personal residence are deductible as for AGI deduction.
B) Taxpayers may deduct as an itemized deduction up to $10,000 (unless married filing separately) all taxes combined (including either state, local, and foreign income taxes or state and local sales taxes, as well as state and local real property taxes) .
C) Taxpayers are not allowed to deduct real property taxes.
D) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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