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RTRP - IRS Registered Tax Return Preparer Test

Category - IRS RTRP

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A taxpayer paid mortgage interest of $15,827 on another person’s home in which the taxpayer had no ownership interest. How much of the interest may the taxpayer deduct?

$0
$5,000
$10,000
$15,827

Explanation

Answer: A - $0

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RTRP - IRS Registered Tax Return Preparer Test

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