During 2018, cary and bill incurred acquisition debt on their residence of $1,300,000. they also borrowed $200,000 on a home equity line to pay college tuitions for their children. on a joint tax return, what is the amount of their qualified acquisition debt?
a) none of the aboveb) $1,500,000c) $750,000d) $1,000,000e) $1,300,000
Answers: 1
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