Which One of the Following Is Not Tax Deductible

question 69

Multiple Choice

Which one of the following is not tax deductible?

• A)Real estate taxes
• B)Property taxes
• C)Local income taxes
• D)State income taxes
• E)All of the above are tax deductible

---

Definitions:

Foreclosure Rates

The frequency at which properties are forced to be sold due to the owner's failure to pay the mortgage.

Down Payment

An initial, upfront partial payment for the purchase of expensive items/services, typically associated with the purchase of a home or vehicle.

Freddie Mac

A public government-sponsored enterprise (GSE) that operates in the secondary mortgage market to increase the availability and affordability of home loans.

Fannie Mae

A government-sponsored enterprise established to expand the secondary mortgage market by making mortgages more accessible and affordable.