Business, 31.03.2020 02:01 erikacastro2421
This year, Randy paid $30,100 of interest on his residence. (Randy borrowed $478,000 to buy his residence, and it is currently worth $528,000.) Randy also paid $3,200 of interest on his car loan and $5,250 of margin interest to his stockbroker (investment interest expense). How much of this interest expense can Randy deduct as an itemized deduction under the following circumstances
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This year, Randy paid $30,100 of interest on his residence. (Randy borrowed $478,000 to buy his resi...
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