May the taxpayer deduct the estimated payment as taxes on


A cash-basis taxpayer paid an estimated state intangible property tax. The tax was paid early, and the state law did not have any provision for such prepayments. May the taxpayer deduct the estimated payment as taxes on her federal income tax return, assuming that the state accepts the payment?

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Business Management: May the taxpayer deduct the estimated payment as taxes on
Reference No:- TGS01283206

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