Business, 18.05.2021 19:20 EwTrTw4584
Margaret Lindley paid $15,160 of interest on her $301,600 acquisition debt for her home (fair market value of $501,600), $4,160 of interest on her $30,160 home-equity debt, $1,160 of credit card interest, and $3,160 of margin interest for the purchase of stock. Assume that Margaret Lindley has $10,160 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 $15,160 of interest on her $301,600 acquisition debt for her home (fair market...
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