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Business, 26.09.2019 18:30 Maxwell8066

Margaret lindley paid $15,100 of interest on her $301,000 acquisition debt for her home (fair market value of $501,000), $1,100 of credit card interest, and $3,100 of margin interest for the purchase of stock. assume that margaret lindley has $10,100 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 $15,100 of interest on her $301,000 acquisition debt for her home (fair market...
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