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Business, 09.10.2019 21:30 lex3340

Daryl, who had significant itemized deductions for 2018 and therefore was eligible to use schedule a, purchased a new vehicle in 2018 for $40,000 with a state sales tax of 10%. the allocated deduction amount for other purchases made by daryl throughout the year, using the irs state and local sales tax tables, would be $750. he also paid state income taxes of $4,500 for 2018. daryl's best option to legally maximize his tax savings in 2018, assuming he was under the $10,000 limit for state and local taxes would be to:
a. deduct the amount of state slaes tax for the vehicle purchaase on schedule a
b. take the standard deduction
c. take the deduction for the state income taxes pain on schedule a
d. deduct his total amount of allowable state sales tax deduction on schedule a

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