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Taxpayers pay $10,000 of interest on the mortgage of their residence, $1,000 of interest on their personal credit cards, and $5,000 of real property taxes

Taxpayers pay $10,000 of interest on the mortgage of their residence, $1,000 of interest on their personal credit cards, and $5,000 of real property taxes on their personal residence will this affect their taxable income and can the loss affect their taxable income? Include citations to IRC

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