Question
On December 1 Bernie took out a 15-year loan for $340000. He paid 2% in points in order to get the loan, or $6800. This
On December 1 Bernie took out a 15-year loan for $340000. He paid 2% in points in order to get the loan, or $6800. This is essentially prepaid interest. If the loan is used to purchase his principal residence, what is the maximum he can deduct in the current year?
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Design Of Cost Management Systems The Text Cases And Readings
Authors: Robin Cooper
1st Edition
0132041243, 978-0132041249
