Sally owns her home and has a mortgage principal remaining of $100,000. She makes annual mortgage...
Sally owns her home and has a mortgage principal remaining of $100,000. She makes annual mortgage payment of $6,080 at an interest rate of 4.5%. Her annual mortgage payment includes the annual principal payment of $1,613 and the annual interest payment of $4,467. In 2018, Sally is able to deduct the interest payments of what amount on her income tax return?
A. $0B. $1,613C. $4,467D. $6,080
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