Business, 29.06.2019 02:20, tmeissner14

Mrs. carr made the following interest payments. determine the extent to which she can deduct each payment on her form 1040. $21,000 on a $280,000 mortgage incurred to construct (and secured by) her personal residence. $3,000 on a $34,000 second mortgage secured by her personal residence. mrs. carr used the proceeds to pay off her credit card debt.

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Mrs. carr made the following interest payments. determine the extent to which she can deduct each pa...