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Which of the following statements is NOT correct? Interest paid on a mortgage on a principal residence can be deductible. Income from rental properties can

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Which of the following statements is NOT correct? Interest paid on a mortgage on a principal residence can be deductible. Income from rental properties can be either business income or property income. Interest paid on funds borrowed to make interest-free loans to employees is not deductible When property income is earned, the income attribution rules are applicable

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