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Other Fields Homework Help Accounting Topic started by: Sheena Maskell on Jan 9, 2017



Title: Claudia refinances her home mortgage on June 1 of the current year. She obtains a 30 year mortgage ...
Post by: Sheena Maskell on Jan 9, 2017
Claudia refinances her home mortgage on June 1 of the current year.  She obtains a 30 year mortgage at 5%.  As part of the refinancing, she pays points of $3,600 (a customary practice in her location).  What amount, if any, of the points are deductible?
A) $0
B) $70
C) $120
D) $3,600


Title: Re: Claudia refinances her home mortgage on June 1 of the current year. She obtains a 30 year ...
Post by: MsLippy on Jan 9, 2017
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Title: Re: Claudia refinances her home mortgage on June 1 of the current year. She obtains a 30 year mortgage ...
Post by: Sheena Maskell on Mar 20, 2017
Perfect :raised_hands: