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Business, 13.06.2020 18:57 mimithurmond03

Wayne purchases a new home during the year, borrowing $450,000 from Century National Bank to finance the purchase. He also pays $4,500 in points and $3,500 in loan origination fees. During the year, he pays interest of $18,000 on the loan. What is Wayne's allowable interest deduction

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Wayne purchases a new home during the year, borrowing $450,000 from Century National Bank to finance...
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