Which of the Following Statements Regarding Deductions for Real Property

question 71

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.

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