Neal owns three homes. His main home is located in Boston. His two vacation homes are located
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Neal owns three homes. His main home is located in Boston. His two vacation homes are located in Boca Grande, Florida and Vail, Colorado. Compute Neal’s home mortgage interest deduction if the amount he pays for mortgage interest on the three homes is:
Boston: $12,700 Boca Grande: $22,500 Vail: $32,400
a. $45,100.
b. $12,700.
c. $67,600.
d. $54,900.
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Related Book For
Essentials Of Federal Income Taxation For Individuals And Business
ISBN: 9780808038009
15th Edition
Authors: Linda M. Johnson
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