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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 10: Deductions and Losses: Certain Itemized Deductions
  5. Question
    A Taxpayer Pays Points to Obtain Financing to Purchase a Second
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A Taxpayer Pays Points to Obtain Financing to Purchase a Second

Question 75

Question 75

True/False

A taxpayer pays points to obtain financing to purchase a second residence.At the election of the taxpayer, the points can be deducted as interest expense for the year paid.

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