Taxes deductible as an itemized deduction include all of the following except:

A) Personal property taxes based on the value of the property.
B) Taxes that the taxpayer paid on property owned by his/her parents or children.
C) State and local income taxes.
D) Real estate property taxes based on the assessed value of the property.

Itemized Deduction

Deductions taxpayers may claim for certain personal expenses, as opposed to taking the standard deduction, potentially reducing taxable income.

Personal Property Taxes

Taxes imposed on movable properties, such as vehicles or equipment, as opposed to real estate or fixed property.

Property Owned

Refers to legal possession and control over property, which can include real estate, personal items, and intellectual property.