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Margaret paid $15 000 of mortgage interest on het $300 000 acquisition debt for her home ( fair market value of $500 000), $4000 of

Margaret paid $15 000 of mortgage interest on het $300 000 acquisition debt for her home ( fair market value of $500 000), $4000 of interest on her $60 000 home equity debt used to buy a new boat and car what is the total amount of interest expense, $1000 of credit card interest. Whats the total amount of interest expense that she can include in her itemized deductions this year?

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