ethanstclair2601 ethanstclair2601

03-01-2023
Business

Answered

justin is the grantor of the justin west trust. this year, the trust paid $11,000 in deductible state income taxes. in addition, justin paid a total of $14,000 in real estate taxes related to property he owned directly. for the purpose of applying the $10,000 cap on state and local taxes, what is the total amount of tax that justin may deduct on his schedule a?

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