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Business, 03.12.2021 20:20 jaxondbagley

Mary purchased a home in 2020 for $200,000. She made a 20-percent down payment and financed the rest with a 15- year loan at six percent. In 2020, she took out a $20,000 home equity loan and used the proceeds to go on a trip around the world. In 2021, her interest payments were $9,600 on her mortgage and $1,400 on her home equity loan. What amount can she deduct in 2021 as an itemized deduction

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Mary purchased a home in 2020 for $200,000. She made a 20-percent down payment and financed the rest...

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