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This year Natasha paid $60,000 of mortgage interest on her home. The house was purchased for $1,000,000 in 2018. In addition, Natasha paid investment interest
This year Natasha paid $60,000 of mortgage interest on her home. The house was purchased for $1,000,000 in 2018. In addition, Natasha paid investment interest of $7,000 on investment income of $15,000. What amount of interest expense is deductible on her current year tax return?
Multiple Choice
$45,000
$60,000
$67,000
$52,000
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