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    Taxation of Individuals
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    Exam 6: Individual Deductions
  5. Question
    Taxpayers Are Allowed to Deduct Mortgage Interest on Up to $1,000,000
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Taxpayers Are Allowed to Deduct Mortgage Interest on Up to $1,000,000

Question 112

Question 112

True/False

Taxpayers are allowed to deduct mortgage interest on up to $1,000,000 of acquisition debt for their qualified residence if the acquisition debt is incurred after December 15, 2017.

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