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5. Which condition below must be met in order for points to be deductible? a. Paying points on borrowed money is an established business practice

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5. Which condition below must be met in order for "points" to be deductible? a. Paying points on borrowed money is an established business practice in the area. b. The amount charged does not exceed the amount usually charged in the area c. Funds used to pay points must come from the borrower's own money. d. All of the above conditions must be met for points to be deductible

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