During the current year, Seth, a self-employed individual, paid the following taxes:   Federal income tax $15,000 State income tax $6,500 Real estate taxes on land in South America (held as an investment) $700 State sales taxes 300 Personal property taxes based upon value $1,600 Federal self-employment tax $ 800 What amount can Seth claim as an itemized deduction for taxes paid during the current year?

SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
Problem 2BCRQ
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During the current year, Seth, a self-employed individual, paid the following taxes:
 

Federal income tax

$15,000

State income tax

$6,500

Real estate taxes on land in South America (held as an investment)

$700

State sales taxes

300

Personal property taxes based upon value

$1,600

Federal self-employment tax

$ 800

What amount can Seth claim as an itemized deduction for taxes paid during the current year?

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