Kristen reduced her Federal mortgage interest deduction by $500 (the amount of her mortgage interest credit from Federal Form 8396 - Mortgage Interest Credit). When completing her California tax return, she can increase the California itemized deductions for home mortgage interest by what amount

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01-01-2021
Business

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Kristen reduced her Federal mortgage interest deduction by $500 (the amount of her mortgage interest credit from Federal Form 8396 - Mortgage Interest Credit). When completing her California tax return, she can increase the California itemized deductions for home mortgage interest by what amount

Sagot :

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codiepienagoya codiepienagoya · Answer 1 · 2021-01-06T07:53:48-05:00

Answer:

The answer is "$500".

Explanation:

Whenever Kristen reduces its deduction in government loan by the amount of its Federal Type 8396 Monthly Mortgage Original account credit, that deductor rises her California has the same number of comprehensive reductions. Represent the total as just a real integer on other adjustments to the comprehensive deduction for your Federal monthly mortgage credit.

Kristen reduced her Federal mortgage interest deduction by $500 (the amount of her mortgage interest credit from Federal Form 8396 - Mortgage Interest Credit). When completing her California tax return, she can increase the California itemized deductions for home mortgage interest by what amount

Sagot :

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