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During 2018, Noriko paid the following taxes related to her income: Real estate property taxes on...

During 2018, Noriko paid the following taxes related to her income:

Real estate property taxes on residence (paid from escrow account) $1,800

State personal property tax on her automobile (based on value) $600

Property taxes on land held for long-term appreciation $400

What amount can Noriko deduct as property taxes in calculating itemized deductions, assuming she was under the $10,000 limit for state and local taxes, for 2018?

a. $400

b. $1,000

c. $2,400

d. $2,800

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Answer #1

Property taxes in calculating itemized deductions for 2014:

Explanation: Since the state personal property tax was based on the value of her vehicle,So it is a tax and not a fee, and is allowable as a deduction.

= $1,800 + $600 +$ 400 = $2,800

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