Which of the following costs are potentially deductible on Form 1040,Schedule A as taxes for 2016? 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.
4)Sales tax paid on the purchase of a personal car.
A)None of the items.
B)2 and 4.
C)1,3,& 4.
D)All of the items.

Question

Quizplus · Accepted Answer

Property tax on principal residence (1), real estate tax on property owned as an investment (3), and sales tax paid on the purchase of a personal car (4) are potentially deductible on Form 1040, Schedule A as taxes for 2016. However, the garbage pickup itemized on the real estate bill (2) is not deductible as a tax expense.

Which of the Following Costs Are Potentially Deductible on Form