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1 During the year, Maxine pays the following amounts related to her residence: Mortgage interest $8,000 Real estate taxes 4,000 Painting of exterior 2,000 Utilities
1 During the year, Maxine pays the following amounts related to her residence: Mortgage interest $8,000 Real estate taxes 4,000 Painting of exterior 2,000 Utilities 3,400 New roof 10,000 She also paid the following for her daughter's house: Real estate taxes (owned and used by daughter) $1,500 a. Which expenses are deductible by Maxine if she is eligible to itemize her deductions? b. Are the deductions "For" or "From" AGI? For the t
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