Leslie and Jason paid the following expenses during 2015: Interest on a car loan...................................................................$ 100 Interest on
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Leslie and Jason paid the following expenses during 2015:
Interest on a car loan...................................................................$ 100
Interest on lending institution loan
(used to purchase municipal bonds)......................................... 3,000
Interest on home mortgage........................................................2,100
(Home mortgage principal is less than $1,000,000)
What is the maximum amount that they can use in calculating itemized deductions for 2015?
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Related Book For
Fundamentals Of Taxation 2016
ISBN: 9781259812774
9th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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