Assume a single individual claims a mortgage interest deduction on their 2023 tax return for $14,000 of mortgage interest paid in 2023. In 2024, the bank realizes it made a clerical error and refunds $3,000 of the interest paid in 2023. 1. What is the research question(s)? 2. What additional information do you need to specifically answer the question(s) identified above? Why do you need to know this.

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1 The research question is How should the 3000 refund of mortgage interest affect the ... View the full answer