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On April 1, 2019, Paul sold a house to Amy. The property tax on the house, which is based on a calendar year, was due

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On April 1, 2019, Paul sold a house to Amy. The property tax on the house, which is based on a calendar year, was due September 2019. Amy paid the full amount of property tax of $2,500. Calculate both Paul and Amy's allowable deductions for the property tax Assume a 365-day year (Do not round your intermediate calculations, Round your final answers to 2 decimal encas Tyrone and Akira, who are married, incurred and paid the following amounts of interest during 2019: Home acquisition debt interest Credit card interest Mone equity loan interest (used for home improvement) Investment interest expense $15,000 5,000 6,500 10,000 Required: With 2019 net investment income of $2.000, calculate the amount of their allowable deduction for investment interest expense an their total deduction for allowable interest Home acquisition principal, and the home equity loan pricinal naminad $750,000

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