Question
32-Mike and Sally Card file a joint return for the 2022 tax year. Their adjusted gross income is $65,000 and they incur the following
32-Mike and Sally Card file a joint return for the 2022 tax year. Their adjusted gross income is $65,000 and they incur the following interest expenses: Qualified education loans Personal loan Home mortgage loan $3,500 1,000 4,000 15,000 Loan used to purchase a variety of stocks, bonds, and securities Investment income and related expenses amount to $7,000 and $500, respectively. What is Mike and Sally's interest deduction for the 2022 tax year? Answers: Predictions On Accessibility: Good to go Focus
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