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.

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