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    Exam 10: Deductions and Losses: Certain Itemized Deductions
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    Jack Sold a Personal Residence to Steven and Paid Points
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Jack Sold a Personal Residence to Steven and Paid Points

Question 48

Question 48

True/False

Jack sold a personal residence to Steven and paid points of $3,500 on the loan to help Steven finance the purchase.
Jack can deduct the points as interest.

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