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Question 10 (3 points) On July 1, 2021, individual R went to her bank with the goal of obtaining a $300,000 home mortgage loan so
Question 10 (3 points) On July 1, 2021, individual R went to her bank with the goal of obtaining a $300,000 home mortgage loan so that she could buy her first home, which would become her principal residence. At the time she entered into the loan, R paid the bank 2 points (ie, $6,000) to originate the 15-year loan. How much can R deduct in 2021 for points assuming she itemizes her deductions? Show your work for partial credit. A/
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