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please help! Ed borrowed $10,000 to purchase City of Valdosta bonds. This year, he received $600 in City of Valdosta Bond interest on the bonds

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Ed borrowed $10,000 to purchase City of Valdosta bonds. This year, he received $600 in City of Valdosta Bond interest on the bonds purchased. He also paid $500 in interest on the $10,000 loan. How much of the interest on the loan is deductible? A

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