Which of the following is not deductible as an itemized deduction?
A) Interest on a $300,000 mortgage used to purchase a principal residence.
B) Expenses for moving household goods.
C) A $1,000 contribution to the Heart Association by a taxpayer with $50,000 of AGI.
D) Property taxes on land held for investment in North Carolina by a California resident.
E) A personal casualty loss exceeding 10 percent of the taxpayer's AGI plus $100.
Correct Answer:
Verified
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