24. Jenine bought her primary house for $800,000 in 2022, the mortgage principal was $600,000 at a 5% interest rate. Her total interest paid in 2022 was $30,000 how much can she claim as an itemized deduction? O $30,000 O $10,000 O $16,875 $9,000 *

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
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24. Jenine bought her primary house for $800,000 in 2022, the mortgage principal *
was $600,000 at a 5% interest rate. Her total interest paid in 2022 was $30,000
how much can she claim as an itemized deduction?
O $30,000
O $10,000
O $16,875
O $9,000
Transcribed Image Text:24. Jenine bought her primary house for $800,000 in 2022, the mortgage principal * was $600,000 at a 5% interest rate. Her total interest paid in 2022 was $30,000 how much can she claim as an itemized deduction? O $30,000 O $10,000 O $16,875 O $9,000
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