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Jennifer received $6,000 interest; $4,800 was tax-exempt and $1,200 was taxable. In earning this income, she had $500 of expenses. Jennifer cannot specifically identify the amount of each expense item that is for each income item. What amount of interest expenses can Jennifer deduct from her tax return for tax year 2019
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Jennifer received $6,000 interest; $4,800 was tax-exempt and $1,200 was taxable. In earning this inc...
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