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What is the total allowable interest deduction on Schedule

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Question - In the current year, Mr. A, a sole proprietor, made interest payments of $800 on his personal credit cards, $650 on his business truck loan, $3,000 to the bank for a lean origination tee (charge for services) for his Veterans Administration mortgage, and $8,000 on his home mortgage. What is the total allowable interest deduction on Schedule A, Form 1040'?

A. $12,450

B. $11,300

C. $0.450

D. $8.000

Reference no: EM132567362

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