Under current federal income tax laws, which of the following are tax-deductible items for an owner-occupied single-family dwelling:
A: Mortgage interest payments, property taxes, and mortgage prepayment penalty;
B: Mortgage interest payments, capital repairs, and real property taxes;
C: Late charges, mortgage interest payments, and broker's commissions;
D: Mortgage payments, property taxes, and fire insurance premiums.
Answer: A: Mortgage interest payments, property taxes, and mortgage prepayment penalty;
Business
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