I have stated in each question answers that I know are wrong.

7)A taxpayer pays $2,400 in points when taking out a 15-year loan to buy a vacation home. If the purchase of the home takes place on September 1, 2020, the taxpayer deducts $____________ as points on his 2020 Schedule A. Round your answer to the nearest dollar.

(it is NOT 96)

8) Tom incurred two casualties during 2020. The first involved his car, which was involved in an accident. Tom's basis in the car was $15,000. Prior to the accident, the car was worth $5,000; after the accident it was worth $2,800. Tom's insurance company reimbursed him $1,000 for his loss. The second casualty involved a theft of artwork from his home. Tom purchased the artwork for $22,000 and it was worth $35,000 at the time of the theft. Tom's insurance company reimbursed him $10,000 for his loss. Neither of these events occurred in a federally declared disaster area. If Tom's AGI is $55,000, his casualty and theft loss deduction on Schedule A is:

$31,600.

$7,500.

$7,600. (it is NOT this one)

$200.

$0

9) Unmarried taxpayers can deduct the interest they pay on the first $____________ of home acquisition debt if the house was purchased before 2018.

it is NOT 375,000