Question
Sierra gets a Home mortgage loan for $900,000, as part of her purchase of a new house near GreenLake for $1,000,000. During 2022, she paid
Sierra gets a Home mortgage loan for $900,000, as part of her purchase of a new house near GreenLake for $1,000,000. During 2022, she paid a total of $36,000 in interest to the bank on this loan. How much can she claim for her home mortgage interest expense on Schedule A ?
a. $36,000
b. $30,000
c. $27,000
d. $18,000
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
