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Which of the following prepaid interest is deductible immediately? a. Points paid to obtain a loan for the purchase of a principle residence b. Prepaid

Which of the following prepaid interest is deductible immediately? a. Points paid to obtain a loan for the purchase of a principle residence b. Prepaid personal credit card interest c. Business interest prepaid by a cash basis taxpayer d. Business interest prepaid by an accrual basis taxpayer

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