Tom Davis owns a single-family residence in which he, his wife, and five children reside. In filling out his income tax return he itemizes his various allowable deductions. The following expense would NOT be allowed as a deduction
A. real property taxes.
B. interest on the loan.
C. cost of repainting exterior.
D. uninsured casualty losses.
Answer: C. cost of repainting exterior.
Business
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