Examlex
Which of the following statements is false?
Municipal Bonds
Municipal Bonds are debt securities issued by municipalities to finance public projects, often offering tax-exempt interest payments to the investors.
Seller-Financed Mortgage
A real estate purchase financing method where the seller extends credit to the buyer to purchase the property.
Interest Received
The amount earned from interest-bearing accounts or investments, such as savings accounts or bonds, which is usually taxable income.
Itemized Deductions
Deductions from taxable income that occur when taxpayers list out specific allowable expenses on their tax return.
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