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Last year, Jacques paid the following interest: Interest on home mortgage $7,300 Interest on loan to purchase furniture for personal residence $1,000 Interest on a
Last year, Jacques paid the following interest:
Interest on home mortgage $7,300
Interest on loan to purchase furniture for personal residence $1,000
Interest on a loan used to purchase State of Louisiana general purpose bonds $1,800
If Jacques itemizes his deductions for last year, what is the amount of deductible interest expense?
$7,300 |
$8,300 |
$9,100 |
$10,100 |
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