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Problem 5-9 Interest (LO 5.3) Matthew borrows $250,000 to invest in bonds. During the current year, his interest on the loan is $3 the bonds

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Problem 5-9 Interest (LO 5.3) Matthew borrows $250,000 to invest in bonds. During the current year, his interest on the loan is $3 the bonds is $10,000. This is Matthew's only investment income. a. Calculate Matthew's itemized deduction for investment interest expense for the year. ,000. Matthew's interest income from b. Is Matthew entitled to a deduction (related to the investment interest expense) in future years? Problem 5-11 Interest (LO 5.3)

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