Juanita owns a principal residence in New Jersey, a cabin in Montana, and a houseboat in Hawaii.

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Juanita owns a principal residence in New Jersey, a cabin in Montana, and a houseboat in Hawaii. All of these properties have mortgages on which Juanita pays interest. What limits, if any, apply to Juanita’s mortgage interest deductions?

Explain whether deductible interest is deductible for AGI or from AGI.

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McGraw-Hill's Taxation Of Individuals

ISBN: 9781259729027

2017 Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Oct 11, 2024 05:05 AM

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Juanita owns a principal residence in New Jersey, a cabin in Montana, and a houseboat in Hawaii.

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McGraw-Hill's Taxation Of Individuals

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