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Helen paid the following amounts of interest during the 2011 tax year: mortgage interest on Dallas residence (loan balance $50,000) $2,025 Automobile loan interest (personal
Helen paid the following amounts of interest during the 2011 tax year: mortgage interest on Dallas residence (loan balance $50,000) $2,025 Automobile loan interest (personal use only) 440 Mortgage interest on Vail residence (loan balance $50,000) $3,050 Visa and Mastercard interest $165 ***Calculate the amount of Helen's itemized deductions for interest (after limitations) for 2011
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Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
