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What is the amount mr stone can deduct as real estate taxes

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Reference no: EM132774514

During the year, Mr. Stone had the following expenditures relating to commercial real estate that he owns:

County property tax        $1,200

State property tax          600

Assessment for street construction  500

Charges for sewer and water service  800

Problem 1: What is the amount Mr. Stone can deduct as real estate taxes on his commercial real estate for the year?

Reference no: EM132774514

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