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Is it True or False? One of the requirements for claiming the mortgage interest expense deduction on a primary residence is that the person claiming
Is it True or False?
One of the requirements for claiming the mortgage interest expense deduction on a primary residence is that the person claiming the deduction must have actually made the payments to the lender. So, if a friend makes the mortgage-loan payments for you, you are not eligible to claim the interest deduction.
True or False (HINT please refer to Publication 936 before answering this)
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