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Cindy incurred the following expenses for her dependent son during the current year: Payment of principal on son's mortgage loan $5,500 Interest on son's mortgage
Cindy incurred the following expenses for her dependent son during the current year:
| Payment of principal on son's mortgage loan | $5,500 |
| Interest on son's mortgage loan | $4,500 |
| Payment of son's medical expenses | $2,500 |
| Payment of son's property taxes | $2,750 |
How much may Cindy consider in computing her itemized deductions and why?
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Standards Of Value
Authors: Jay E. Fishman, Shannon P. Pratt, William J. Morrison
2nd Edition
1118138538, 978-1118138533
