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Calculate the amount of Helen itemized deduction

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Reference no: EM132675075

Problem - Helen paid the following amounts of interest during the 2019 tax year:

Mortgage interest on Dallas residence (loan balance $50,000) $1,600

Automobile loan interest (personal use only) 440

Mortgage interest on Vail residence (loan balance $50,000) 3,100

Visa and Mastercard interest 165

Required - Calculate the amount of Helen's itemized deduction for interest (after limitations) for 2019.

Reference no: EM132675075

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