Business, 04.04.2020 05:03, DivineMemes420
What is the amount of interest deduction allowed for the current year, assuming Marge Meyer incurred the following (assume no net investment income):
Interest on loan used to purchase land for investment $18,000
Interest on loan used to purchase personal residence $6,000
Interest on loan used to purchase boat $500
Interest on loan to purchase 100 shares of General Auto $3,000
Answers: 2
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What is the amount of interest deduction allowed for the current year, assuming Marge Meyer incurred...
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