Business
Business, 03.12.2021 18:40, andrewmena05

On September 1, year 1, Jackson borrowed $400,000 to refinance the original mortgage on her principal residence. Jackson paid 2 points to reduce her interest rate from 7.5 percent to 7 percent. The loan is for a 30-year period. How much can Jackson deduct in year 1 for her points paid

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