Question
Jim and Wendy had the following interest expenses in 2019: Personal Loan $500.00 Student Loan Interest. $3,000.00 Mortgage interest $5,000.00 Investment interest.$7,500.00 Net investment income
Jim and Wendy had the following interest expenses in 2019:
Personal Loan $500.00
Student Loan Interest. $3,000.00
Mortgage interest $5,000.00
Investment interest.$7,500.00
Net investment income for 2019 is $6,000.00.
What is their interest deduction for 2019?
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Safety Auditing A Management Tool
Authors: Donald W. Kase
1st Edition
0471289035, 978-0471289036
