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After paying down the mortgage on their personal residence, the Hills have found that their itemized deductions for each year are always slightly less than the standard deduction option.
a. Explain what has happened.
b. What remedy do you suggest?
Ambiguous
Something that is unclear, uncertain, or capable of being understood in more than one way.
Assignment
The conveyance of rights, possessions, or duties from one individual to another.
Sublease
An agreement where the original tenant leases out the premises to another tenant, with or without the landlord’s permission.
Eviction
The legal process by which a tenant is removed from a property, usually due to failure to comply with rental agreement terms.
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