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Multiple Choice 5-24 Interest (LO 5.8) Which of the following is deductible as interest on...

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Accounting

Multiple Choice 5-24 Interest (LO 5.8)

Which of the following is deductible as interest on Schedule A?

a.Fees for having a new home inspected prior to purchase.

b.Interest on loans to finance tax-exempt bonds.

c.Fees for having the home's value assessed by the bank for purposes of getting a mortgage.

d.Interest of $32,000 on a mortgage of $967,000 for a primary residence that was purchased in 2016.

e.None of these choices are deductible as interest.

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