Leslie and Jason, who are married and filing jointly, paid the following expenses during 2019: Interest on
Question:
Leslie and Jason, who are married and filing jointly, paid the following expenses during 2019:
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 $750,000)
What is the maximum amount that they can use in calculating itemized deductions for 2019?
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Related Book For
Fundamentals Of Taxation 2020 Edition
ISBN: 9781260483147
13th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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