Mr. and Mrs. Kim own a principal residence and a vacation home. Each residence is subject to
Question:
Compute Mr. and Mrs. Kim€™s qualiï¬ed residence interest.
Transcribed Image Text:
Average Balance of Mortgage $641,800 340,000 Mortgage Interest Paid Principal residence Vacation home 528,000 22,100
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Related Book For
Principles Of Taxation For Business And Investment Planning 2016 Edition
ISBN: 9781259549250
19th Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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