Kathleen pays $3,000 mortgage interest on the home that she and her husband live in. Kathleen and
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Kathleen pays $3,000 mortgage interest on the home that she and her husband live in. Kathleen and her husband live with Molly, Kathleen’s mother. The title to the home is in Kathleen’s name. However, the mortgage is Molly’s obligation. Kathleen claims Molly as her dependent on her current tax return. What tax issues should Kathleen consider?
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The primary tax issue is whether the payment of the mortgage interest by Kathle...View the full answer
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Related Book For 
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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