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Business, 27.03.2020 00:02 daphnevlogs11

Margaret Lindley paid $15,090 of interest on her $300,900 acquisition debt for her home (fair market value of $500,900), $4,090 of interest on her $30,090 home-equity loan, $1,090 of credit card interest, and $3,090 of margin interest for the purchase of stock. Assume that Margaret Lindley has $10,090 of interest income this year and no investment expenses. How much of the interest expense may she deduct this year?

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Margaret Lindley paid $15,090 of interest on her $300,900 acquisition debt for her home (fair market...
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