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Jim is worried about his brother, Eli. Eli has fallen behind on his mortgage payments for his personal residence with his bank. Jim has decided
Jim is worried about his brother, Eli. Eli has fallen behind on his mortgage payments for his personal residence with his bank. Jim has decided to pay the missed mortgage payments (both the principle and interest) to Elis bank on his behalf. Will Jim be permitted to deduct the mortgage interest paid? Could this payment be a charitable contribution deduction?
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