Business, 04.01.2020 03:31, carlos200411114

Bob and carol refinanced their sole residence, valued at $500,000, in 2019. under the refinancing arrangement, they refinanced their $300,000 indebtedness for $400,000, receiving $100,000 in cash that they used to pay for their daughter's wedding. what percent of the interest they pay on the refinanced property are they able to deduct? a) 25 % b) 50 % c) 75 % d) 100 %

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Bob and carol refinanced their sole residence, valued at $500,000, in 2019. under the refinancing ar...