22. How much of the following interest expense is deductible on Schedule A, before limitations? The taxpayer is reporting $1,500 in investment income. - $1,200 interest paid on a loan used to purchase a vacant lot held for investment. - $750 interest paid on a qualifying student loan. - $2,700 credit card interest on an advance used to make a down payment on a new home. - \$625 interest on a loan used to invest in tax-free bonds. A. $1,200 B. $1,950 C. $4,650 D. $3,900 22. How much of the following interest expense is deductible on Schedule A, before limitations? The taxpayer is reporting $1,500 in investment income. - $1,200 interest paid on a loan used to purchase a vacant lot held for investment. - $750 interest paid on a qualifying student loan. - $2,700 credit card interest on an advance used to make a down payment on a new home. - \$625 interest on a loan used to invest in tax-free bonds. A. $1,200 B. $1,950 C. $4,650 D. $3,900