A taxpayer has $6,500 in mortage interest, $4,000 in real estate taxes, $500 in tax preparation fees, and $2,000 in Section 1341 Claim of Deductions available for itemization. Ignoring the 2% of AGI limitation, what amount of these base values - in total - is deductible for California but NOT for the Federal return?

A taxpayer has $6,500 in mortage interest, $4,000 in real estate taxes, $500 in tax preparation fees, and $2,000 in Section 1341 Claim of Deductions available for itemization. Ignoring the 2% of AGI limitation, what amount of these base values - in total - is deductible for California but NOT for the Federal return?

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter5: Deductions For And From Agi

Section: Chapter Questions

Problem 23MCQ

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