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    Mathandler1's Avatar
    Mathandler1 Posts: 87, Reputation: 2
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    #1

    Aug 28, 2007, 11:33 AM
    A Qualified Residence
    For the purpose of computing the deductin for a qualified residience interest. Could my principal residence and one other residence owned by me or by my wife, be considered as a qualified residence or not?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Aug 28, 2007, 12:41 PM
    Mathandler1 - since you are taking an income tax accounting course you should not just post questions straight out of you're homework assignment and expect us to answer them for you - pleases try and answer some of the "hypothetical" questions you've been posting lately on your own. I bet the answer to this one is right there in your text book. If you would like confirmation that you have the right answer, please tell us what you think the answer is and then I'm sure someone will be glad to help check it for you.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #3

    Aug 29, 2007, 08:18 AM
    See my post about learning.
    Mathandler1's Avatar
    Mathandler1 Posts: 87, Reputation: 2
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    #4

    Aug 29, 2007, 02:02 PM
    This is not homework assignment... daily DQs (discussion questions). Thanks!
    Mathandler1's Avatar
    Mathandler1 Posts: 87, Reputation: 2
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    #5

    Aug 29, 2007, 02:03 PM
    The textbook is not friendly user when it comes to answering these DQ's
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #6

    Aug 29, 2007, 05:11 PM
    Still, you do not learn if the answers are GIVEN to you!
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #7

    Aug 30, 2007, 05:42 AM
    If your text is unclear or doesn't provide a direct answer, try the IRS web site: Internal Revenue Service - they have a search engine, and if you enter "home mortgage deduction" it takes you to a list of relevant documents, including Pub 936, "Home Mortgage Interest Deduction." Open that document up, and you'll soon find your answer!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #8

    Aug 30, 2007, 01:24 PM
    Ebaines has a point.

    When we post, we apply opinion and experience, but our answers are NOT guaranteed.

    Research at the source (the IRC and IRS pubs) will serve you better!
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