Which of the following interest expense amounts is not deductible in 2018?
a. points of $2,0...
Business, 14.11.2019 05:31 biaxialpower789
Which of the following interest expense amounts is not deductible in 2018?
a. points of $2,000 paid on a mortgage loan for the purchase of a new principal residence.
b. education loan interest of $2,000, assuming the taxpayer is single and has income of $150,000.
c. investment interest expense of $10,000, assuming the taxpayer has $15,000 of investment income.
d. home equity loan interest of $9,000 on a loan of $100,000, the proceeds of which were used to purchase an addition to the taxpayer's primary residence.
Answers: 3
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