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Unformatted text preview: activity. for personal property taxes to qualify, the tax must be an ad valorem tax on personal property. The tax must also be imposed on an annual basis, even if not cllected annually she deducts what she pays and then the ammount she overpaid will be refunded to her often points are earned from paying on real estate debt. A point is equal to 1% of the loan amount. Points paid on a loan incurred to purchase a personal residence are automatically deductible when paid if rewuirements are met....
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This note was uploaded on 03/26/2012 for the course ACCT ACCT210 taught by Professor Challanworthington during the Spring '10 term at S. Alberta Tech.
- Spring '10