Final answer:
Charles can include $3,208 as itemized deductions for the county real estate and school district taxes on the land he is holding for rent. Other taxes, such as state inheritance tax, state tax on airline tickets, local hotel tax, and city special assessments, are not deductible in this circumstance.
Step-by-step explanation:
When calculating itemized deductions for Charles' tax returns, certain taxes he has paid can be included if they meet IRS guidelines. The state inheritance tax is generally not deductible for income tax purposes. However, the taxes paid related to the land may be deductible.County real estate tax on the land: $2,410School district tax on the land: $798City special assessment on the land: This is typically not deductible as property taxes since it is for local benefits (new curbs and gutters).State tax on airline tickets and local hotel tax: These are personal expenses during vacation and not deductible as property taxes.
Therefore, under the assumption that Charles holds the land for rent, the taxes that can be included in the itemized deductions for the land would be the county real estate tax ($2,410) and the school district tax ($798), totaling $3,208.To calculate the amount of taxes Charles may include in his itemized deductions for the year, we need to determine which payments can be included. According to the information provided, Charles made the following payments:State inheritance tax on the land: $1,380County real estate tax on the land: $2,410School district tax on the land: $798City special assessment on the land (new curbs and gutters): $729State tax on airline tickets (paid on vacation): $309Local hotel tax (paid during vacation): $205Charles can include the amounts paid for state inheritance tax, county real estate tax, and school district tax as they are all related to the land inheritance. These three payments can be included in his itemized deductions. The city special assessment, state tax on airline tickets, and local hotel tax are not deductible.