During the current year, Mr. and Mrs. West paid the following taxes: $\begin{array}{llcc}
\text {Property taxes on residence } &\$1,900\
\text { Special asses sment for installation of a sewer system in their neighborhood } &\$1,000\
\text { State personal property tax on their automobile (based on value)} &\$400\
\text { Property taxes on land held for long-term appreciation } &\$600\
\end{array}$ What amount can the Wests deduct as property taxes in calculating itemized deductions for the current year?
A)$0
B)$1,900
C)$2,300
D)$2,900
E)None of these

Question

During the current year, Mr. and Mrs. West paid the following taxes: $\begin{array}{llcc}
  \text {Property taxes on residence  } &\$1,900\
 \text { Special asses sment for installation of a sewer system in their neighborhood } &\$1,000\
 \text {  State personal property tax on their automobile (based on value)} &\$400\
 \text { Property taxes on land held for long-term appreciation } &\$600\
\end{array}$ What amount can the Wests deduct as property taxes in calculating itemized deductions for the current year?
A)$0
B)$1,900
C)$2,300
D)$2,900
E)None of these

Quizplus · Accepted Answer

The Wests can deduct only the $2,900 they paid in real estate property taxes during the year. The $400 for state sales tax and the $500 for state income tax are not deductible as property taxes.

During the Current Year, Mr What Amount Can the Wests Deduct as Property Taxes in Following