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Jessica purchased a home on January 1,2020 , for $730,000 by making a do $440,000 with a loan, secured by the residence, at 6 percent.
Jessica purchased a home on January 1,2020 , for $730,000 by making a do $440,000 with a loan, secured by the residence, at 6 percent. During 2020 $26,400 (each year). On July 1,2020 , when her home was worth $730,000, at an interest rate of 8 percent. During 2020, she made interest-only paymer she made interest-only payments on the second loan in the amount of $14,6 expense Jessica paid during 2021 that she may deduct as an itemized dedu basement in her home and landscape her yard? (Assume not married filing s Multiple Choice \$0. $14,600. yment of $290,000 and financing the remaining 21, Jessica made interest-only payments on this loan of a borrowed an additional $182,500 secured by the home the second loan in the amount of $7,300. During 2021 , lat is the maximum amount of the $41,000 interest she used the proceeds of the second loan to finish the ely.)
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