Which of the Following Costs Are Potentially Deductible on Form

question 72

Multiple Choice

Which of the following costs are potentially deductible on Form 1040,Schedule A as taxes for 2014? 1.Property tax on principal residence.
2) Garbage pickup itemized on the real estate bill.
3) Real estate tax on property owned as an investment.

• A)None of the items.
• B)2 and 3.
• C)1 and 3.
• D)All of the items.

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Definitions:

Void

A term referring to a contract or legal agreement that is invalid or without legal effect from its inception.

Disaffirmance

In contract law, the right of a party to renounce a contract to avoid legal obligations, typically used in cases involving minors or instances of fraud.

Majority

The age at which a person is considered an adult and has the legal rights and responsibilities of an adult, or a more than half portion of a group.

False Representation

An untrue statement of fact made by one party to another, which induces the latter to enter into a contract.