Which of the following taxes paid by Woodhaven Inc. can be deducted during 2014? I. Special real estate tax assessment for upgrading the sewer. II. State income taxes paid in 2014 when filing Woodhaven's 2013 corporate return tax return.
A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.
Correct Answer:
Verified
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