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On January 2 , 2 0 1 8 , the Philips paid $ 5 0 , 0 0 0 cash and obtained a $ 2
On January the Philips paid $ cash and obtained a $ mortgage to purchase a home. In they borrowed $ secured by their home and used the cash to add a new room to their residence. That same year, they took out a $ auto loan. The following pertains to interest paid in : Mortgage interest $ Interest on room construction loan Auto loan interest For how much interest is deductible prior to any itemized deduction limitations $ $ $ $
On January the Philips paid $ cash and obtained a $ mortgage to purchase a home. In they borrowed $ secured by their home and used the cash to add a new room to their residence. That same year, they took out a $ auto loan.
The following pertains to interest paid in :
Mortgage interest
$
Interest on room construction loan
Auto loan interest
For how much interest is deductible prior to any itemized deduction limitations
$
$
$
$
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