FIS - Relius, Benefit Planning and Recordkeeping Solutions
• The cost basis of pension, annuity, or IRA payments or distributions; ... The rules for deducting home mortgage interest for 1996 were: (1) if a taxpayer took out a mortgage before October 13, 1987, secured by the taxpayer’s main or second home, all the interest was deductible, (2) if the taxpayer’s mortgage was after October 13, 1987 ... ................
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