Cornelia incurred the following expenses for her dependent, Ask an Expert

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Cornelia incurred the following expenses for her dependent son during the current year: Payment of principal on son's mortgage loan $5,500 Interest on son's mortgage loan $4,500 Payment of son's medical expenses $2,500 Payment of son's property taxes $2,750 How much may Cornelia consider in computing her itemized deductions?

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Accounting Basics, Accounting

Category:- Accounting Basics
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