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Helen Derby borrowed $150,000 to acquire a parcel of land to beheld for investment purposes. During the current year, she reportedAGI of $90,000 and paid

Helen Derby borrowed $150,000 to acquire a parcel of land to beheld for investment purposes. During the current year, she reportedAGI of $90,000 and paid interest of $12,000 on the loan. Otheritems Form 4952 Department of the Treasury Internal Revenue Service (99) Investment Interest Expense Deduction - Go to www.irs.gov/form4952 for the latest information. - Attach to your tax return. Name(s) s 2 answers

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