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Patricia purchased a home on January 1, 2017 for $1.310.000 by making down payment of $100.000 and financing the remaining $1,210,000 with a loan. secured
Patricia purchased a home on January 1, 2017 for $1.310.000 by making down payment of $100.000 and financing the remaining $1,210,000 with a loan. secured by the residence. 6 percent. From 2017 through 2019, Patricia made interest-only payments on the loan each year in the amount of $72.600. What amount of the $72,600 interest expense that Patricia paid during 2019 may she deductasan nemized deduction? (Assume not married filing separately.) Multiple Choice O $0. $12,600. $60,000 $72,600
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