John Baker, a cash basis calendar year taxpayer, paid the following during the year: What itemized deduction may John claim for taxes on his return?

Question

John Baker, a cash basis calendar year taxpayer, paid the following during the year:  What itemized deduction may John claim for taxes on his return?

Quizplus · Accepted Answer

Social security taxes, assessments, penalty on tax underpayment, and a ﬂat automobile registration fee are not allowed deductions. the state income taxes, as well as the real estate taxes, are deductible

John Baker, a Cash Basis Calendar Year Taxpayer, Paid the Following