Question

Hugh, a self-employed individual, paid the following amounts during the year 2020:

Real estate tax on Louisiana residence   $2,000

State income tax withheld   1,500

Additional state income tax paid when filing his 2019 tax return 600

Real estate tax on a rental property   2,000

State sales taxes 900

State motor vehicle tax (based on the value of personal use automobile) 400

Sidewalk special assessment   2,000

Federal income tax   5,000

Self-employment tax   1,000

Gambling loss (gambling winning is $100)   1,000

What is the maximum amount Hugh can claim as taxes in itemizing deductions from AGI?

Answer 1

Particulars	$
Real estate tax	$      2,000
State income tax withheld	$      1,500
Additional state income tax for 2019	$          600
Real estate tax on rental property (not allowed)	$             -
State sales tax (as only one is allowed out of State income tax or state sales tax)	$             -
State motor vehicle tax based on value	$          400
Sidewalk speacial assessment (not allowed)	$             -
Federal income tax	$             -
Gambling loss to the extent of gambling winnings	$          100
Total itemized deduction under Schedule A	$      4,600

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