Question
1) Jill acquired her home in Charleston in 2018. Jill purchased the home by paying $50,000 as a down payment and borrowing $275,000 from Huntington
1) Jill acquired her home in Charleston in 2018. Jill purchased the home by paying $50,000 as a down payment and borrowing $275,000 from Huntington Bank. Her home is collateral for the loan. During 2020, Jill paid $4,300 in interest on the loan.
How would this be itemized for taxes?
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
1st Edition
0131109391, 978-0131109391
