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Carol, unmarried without dependents, paid $ 5 , 0 0 0 interest on funds borrowed to acquire corporate bonds. Carol's itemized deductions for the year
Carol, unmarried without dependents, paid $ interest on funds borrowed to acquire corporate bonds. Carol's itemized deductions for the year are $ which includes $ interest expense, and her AGI is $ which includes $ of investment income. How much of the $ interest expense, if any, can she deduct in the current year?
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