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67 1986 tax law

Expert replies
by real2008 » Fri Jul 03, 2009 3:07 am
Under the 1986 tax law, interest payments on a refinanced home loan are deductible only if the amount of the loan does not exceed the purchase price of the home, the cost of improvements, and any additional amount borrowed against the home to pay for medical or educational expenses.
(A) any additional amount borrowed against the home to pay for medical or educational expenses
(B) borrowing any additional amount against the home for payment of medical or educational expenses
(C) also borrowing any additional amount against the home to pay for medical or educational expenses
(D) any additional payment of medical or educational expenses that were borrowed against the home
(E) any additional payment borrowed against the home for medical or educational expenses


why not E?
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Source: — Sentence Correction |

by goelmohit2002 » Fri Jul 03, 2009 1:13 pm
IMO because.... Payment is given not borrowed....
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by dumb.doofus » Fri Jul 03, 2009 1:36 pm
That's right.. you can borrow an amount.. and you can make a payment..

you can't borrow a payment..

IMO A
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by real2008 » Sat Jul 04, 2009 11:51 am
good point... thanks to both dumb.doofus & goelmohit2002.
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by real2008 » Mon Jul 06, 2009 11:51 pm
oa is A
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