Helen paid the following amounts of interest during the 2018 tax year: Mortgage interest on Dallas residence
Question:
Helen paid the following amounts of interest during the 2018 tax year:
Mortgage interest on Dallas residence (loan balance $50,000) ..............$1,585
Automobile loan interest (personal use only) ........................................................440
Mortgage interest on Vail residence (loan balance $50,000)...............................3,000
Visa and Mastercard interest.......................................................................................165
Calculate the amount of Helen’s itemized deduction for interest (after limitations) for 2018.
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Related Book For 
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
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