Multiple Choice
During 2015,Nancy paid the following taxes: Tax on residence (for the period from March 1 through August 31,2015) $5,250 State motor vehicle tax (based on the value of the personal use automobile) 430 State sales tax 3,500 State income tax 3,050 Nancy sold her personal residence on June 30,2015,under an agreement in which the real estate taxes were not prorated between the buyer and the seller.What amount qualifies as a deduction from AGI for 2015 for Nancy?
A) $9,180
B) $9,130
C) $7,382
D) $5,382
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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