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Business, 03.08.2020 14:01 amberskids2

During the current year, Cary and Bill incurred acquisition debt on their residence of $1,300,000 and a home equity loan of $200,000. On a joint tax return, what is the amount of their qualified acquisition debt and qualified home equity debt, respectively?

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During the current year, Cary and Bill incurred acquisition debt on their residence of $1,300,000 an...
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