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:

Conflict Resolution

The process of resolving a dispute or disagreement through communication, negotiation, and problem-solving.

Assertiveness Skills

The ability to express one's views and stand up for oneself in a respectful and confident manner, without being aggressive.

Problem

is a situation, task, or concept that presents difficulty or requires a solution.

Personality Traits

Enduring characteristics that describe an individual's behavior, attitude, and emotions.