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Lee E. Ogden, CPA |
“Lee has been with us since we started our business, getting us started with our QuickBooks accountin...”  |
Acquisition IndebtednessThis is the debt used to acquire, build, or substantially improve a taxpayer’s principal residence or a second home, and it is debt that is secured by the principal residence or second home. The interest on up to $1 million of acquisition indebtedness is deductible as an itemized deduction.
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