Herbert is the sole proprietor of a furniture store. He can deduct real property taxes on his store building but he cannot deduct state income taxes related to his net income from the furniture store as a business deduction.

Question

Quizplus · Accepted Answer

Real property taxes on the store building are deductible as a business expense, while state income taxes related to net income from the furniture store are not deductible as a business expense.

Herbert Is the Sole Proprietor of a Furniture Store