Question: Ms . Tebow paid $ 4 , 2 0 0 in interest expense on a mortgage related to her investment in undeveloped land and $

Ms. Tebow paid $4,200 in interest expense on a mortgage related to her investment in undeveloped land and $2,000 in property taxes. Her AGI is $120,000 which includes $3,200 of interest income. Which of the following statements is false?

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