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Rick and Claudia live in an apartment and have purchased land where they plan to build their home. They have a mortgage on the lot

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Rick and Claudia live in an apartment and have purchased land where they plan to build their home. They have a mortgage on the lot and have received a Form 1098 from the lender showing the interest paid on the note. Interest paid on this loan is deductible as home mortgage interest on their Schedule A.
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