Question: Consider the settlement statement in Appendix B to this chapter. What amounts on the statement are the Jeffersons allowed to deduct on their 2020

Consider the settlement statement in Appendix B to this chapter. What amounts on the statement are the Jeffersons allowed to deduct on their 2020 tax return? Indicate the settlement statement line number for each deductible amount (discuss any issues that must be addressed to determine deductibility) and label each deduction as a for AGI deduction or a from AGI deduction.

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