9. Juanita owns a principal residence in New Jersey, a cabin in Montana, and a houseboat in...
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9. Juanita owns a principal residence in New Jersey, a cabin in Montana, and a houseboat in Hawaii. All of these properties have mortgages incurred before 2017 on which Juanita pays interest. What limits, if any, apply to Juanita’s home mortgage interest deductions?
Explain whether deductible interest is deductible for AGI or from AGI.
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Related Book For 
Taxation Of Individuals And Business Entities 2020
ISBN: 9781259969614
11th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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