Which of the Following Is Not Deductible as Interest Expense

question 115

Multiple Choice

Which of the following is not deductible as interest expense on Schedule A?

• A)Loan fee charged for appraisal service
• B)Home mortgage interest
• C)Mortgage interest on a second residence
• D)Home mortgage prepayment penalties
• E)All of the above are deductible as interest expense

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Definitions:

Cork Cambium

Lateral meristem that produces cork.

Covered

Enclosed or protected by something, preventing direct exposure.

Casparian Strip

A waterproof barrier within the cell walls of plant roots that controls the flow of water and dissolved substances into the plant.

Endodermal Cells

Cells that make up the endoderm, the innermost layer of cells or tissue of an embryo in early development, which gives rise to the lining of the digestive and respiratory systems.