| http://www.w3.org/ns/prov#value | - If it does not do so, and each taxpayer who resides in the residence is an owner, and is obligated on the ???acquisition indebtedness??? mortgage is entitled to deduct interest paid on up to $1 million of acquisition indebtedness, then on a joint return each of the husband and wife, who are separate and distinct taxpayers (See, e.g., Frahm v Commissioner, T.C. Memo.
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