This year, Mr. and Mrs. Cullen paid $93,000 interest on a mortgage incurred in 2008...
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Accounting
This year, Mr and Mrs Cullen paid $ interest on a mortgage incurred in to build their home in Forks, Washington. The average principal balance of the mortgage was $ million. The home has an appraised FMV of only $ million. Compute the Cullen's itemized deduction for their home mortgage interest.
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