Law, 27.12.2021 01:00 alyssaboosiefkes
Bob and Carol refinanced their sole residence, valued at $500,000, in 2021. Under the refinancing arrangement, they refinanced their $300,000 indebtedness for $400,000, receiving $100,000 in cash that they used to pay for their daughter’s wedding. What percent of the interest they pay on the refinanced property are they able to deduct?
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Bob and Carol refinanced their sole residence, valued at $500,000, in 2021. Under the refinancing ar...
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