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What amount of property taxes are the johnsens allowed

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Peter and Shaline Johnsen moved into a home in a new subdivision. Theirs was one of the first homes in the subdivision. During the year, they paid $1,710 in real property taxes to the state government, $605 to the developer of the subdivision for an assessment to pay for the sidewalks, and $1,110 for real property taxes on land they hold as an investment.

Question 1: What amount of property taxes are the Johnsens allowed to deduct assuming their itemized deductions exceed the standard deduction amount before considering any property tax deductions and they pay $6,050 of state income taxes for the year and no other deductible taxes?

Reference no: EM132572493

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