Camille, a college student, feels that now is a good time to buy stocks. however, because she doesn't have any savings, she decides to borrow $15,000 at an annual interest rate of 8 percent. she must make an interest-only payment each year for five years plus repay the entire principal in year five. on august 1, 2018 when camille obtained the loan, camille invested $10,000 in several individual stocks and used the remaining $5,000 to pay her tuition for the year. assuming camille's investment income this year is greater than her investment interest expense this year, how much investment interest expense can she deduct in 2018?
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Camille, a college student, feels that now is a good time to buy stocks. however, because she doesn'...
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