A single taxpayer filing a return with an AGI of $90,000, $5,400 in mortgage interest...
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Accounting
A single taxpayer filing a return with an AGI of $90,000, $5,400 in mortgage interest paid, and $750 in mortgage insurance premiums paid has what potential maximum deduction for mortgage interest in TY2021? (Assume their mortgage value is below the acquisition indebtedness limit)Select one:
a. $6,150
b. $5,400
c. $750
d. $0
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