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Charles has AGI of $38,500 and has made the following payments related to (1) land he...

Charles has AGI of $38,500 and has made the following payments related to (1) land he inherited from his deceased aunt and (2) a personal vacation taken last year. State inheritance tax on the land $ 1,430 County real estate tax on the land 1,510 School district tax on the land 873 City special assessment on the land (replacing curbs and gutters) 795 State tax on airline tickets (paid on vacation) 402 Local hotel tax (paid during vacation) 258 Calculate the amount of taxes Charles may include in his itemized deductions for the year under the following circumstances: (Leave no answer blank. Enter zero if applicable.) Suppose that Charles holds the land for appreciation 1- Deductible taxes from AGI ______?

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Solotion! lucclate Re amount of ccducibe tses if chrles paxticulass Ameunts acuntay deal estate lax en tRe land 510 Schoal distsict tae n land 8-3 Total ameont tax 2383 The imhentance, tat, asline tor, and the hotol x The inhentance, (ai, alin are non- deduable pesnalcxpenses. The speval assesmert also not deducible becausi cap, tshed te valve of propet

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