Question
Linda borrowed 60,000 from her parents for a down payment on a condo. she paid interest of 5,500 in 2017, 0 in 2018, and 9,000
Linda borrowed 60,000 from her parents for a down payment on a condo. she paid interest of 5,500 in 2017, 0 in 2018, and 9,000 in 2019. the IRS disallowed the deduction. Can you offer any explanation for the disalloweance?
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Management Accounting
Authors: Anthony A Atkinson, Robert S Kaplan
5th Edition
136005314, 978-0136005315
