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    Taxation of Individuals
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    Exam 14: Tax Consequences of Home Ownership
  5. Question
    A Taxpayer Is Not Allowed to Deduct Home Mortgage Interest
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A Taxpayer Is Not Allowed to Deduct Home Mortgage Interest

Question 49

Question 49

True/False

A taxpayer is not allowed to deduct home mortgage interest on debt unless the debt was incurred to acquire or construct the home.

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