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In 2015 Chara incurred a loan to pay for qualified higher education expenses for her 20 year old granddaughter, who was a dependent. In 2019,
In 2015 Chara incurred a loan to pay for qualified higher education expenses for her 20 year old granddaughter, who was a dependent. In 2019, her granddaughter graduated from college, moved away to start a new job, and ceased to be a dependent on Chara's tax return. Chara started making payments on the loan in 2019. Without regard to any modified AGI limitations, is Chara permitted to deduct interest on the loan?
In 2015 Chara incurred a loan to pay for qualified higher education expenses for her 20 year old granddaughter, who was a dependent. In 2019, her granddaughter graduated from college, moved away to start a new job, and ceased to be a dependent on Chara's tax return. Chara started making payments on the loan in 2019. Without regard to any modified AGI limitations, is Chara permitted to deduct interest on the loan?
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
10th Edition
1266824014, 9781266824012
