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    Taxation of Individuals
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    Exam 14: Tax Consequences of Home Ownership
  5. Question
    When a Taxpayer Finances the Initial Acquisition of Her Personal
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When a Taxpayer Finances the Initial Acquisition of Her Personal

Question 81

Question 81

True/False

When a taxpayer finances the initial acquisition of her personal residence, in general, she may not deduct points paid for loan origination fees, but she may deduct points paid as prepaid interest.

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