Bill has a mortgage loan on his personal residence. he decides to pay 18 months of interest in advance on october 1, 2016. the total advanced interest payment is $36,000. how much of the advance interest payment can he deduct in 2016? a. $36,000 b. $6,000 c. $24,000 d. mortgage interest is not deductible. e. if a taxpayer makes an advance payment, he may not deduct any interest.
Answers: 1
Mathematics, 08.08.2019 01:20, nana54muller
Answers: 2
Business, 10.09.2019 19:30, angel41583
Answers: 1
Bill has a mortgage loan on his personal residence. he decides to pay 18 months of interest in advan...
Social Studies, 23.11.2020 22:20
Social Studies, 23.11.2020 22:20
English, 23.11.2020 22:20
English, 23.11.2020 22:20
Chemistry, 23.11.2020 22:20
Chemistry, 23.11.2020 22:20
Physics, 23.11.2020 22:20