Which of the Following Statements Regarding Deductions for Real Property

question 39

Multiple Choice

Which of the following statements regarding deductions for real property taxes is incorrect?

• A)A taxpayer is allowed to immediately deduct property taxes as the taxpayer makes monthly mortgage payments to an escrow account held by her mortgage company.
• B)Taxpayers are not allowed to deduct payments made for setting up water and sewer services.
• C)An individual deducts real property taxes on her principal residence as a from AGI deduction.
• D)Taxpayers are not allowed to deduct payments made for repairs to neighborhood sidewalks.

---

Definitions:

Wheal

A raised, itchy area of skin that usually signifies an allergic reaction.

Injection Site

The specific area of the body where a needle is inserted to deliver medication or vaccines.

Decline Stage

Becoming less intense, subsiding; a period of time when the symptoms of disease start to disappear.

Whooping Cough

A highly contagious respiratory disease caused by the bacterium Bordetella pertussis, characterized by severe coughing spells followed by a whooping sound.