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This year Randy paid $31,600 of interest on his residence. (Randy borrowed $498,000 to buy his residence, which is currently worth $548,000.) Randy also paid
This year Randy paid $31,600 of interest on his residence. (Randy borrowed $498,000 to buy his residence, which is currently worth $548,000.) Randy also paid $3,700 of interest on his car loan and $6,000 of margin interest to his stockbroker (investment interest expense). How much of this interest expense can Randy deduct as an itemized deduction under the following circumstances? b. Randy had no investment income this year, and his AGI is $75,000. Interest deductible 
This year Randy paid $31,600 of Interest on his residence. (Randy borrowed $498,000 to buy his resldence, which is currently worth $48,000.) Randy also paid $3,700 of interest on his car loan and $6,000 of margin interest to his stockbroker (investment interest expense). How much of this interest expense can Randy deduct as an itemized deduction under the following circumstances? Randy had no investment income this year, and his AGI is $75,000
This year Randy paid $31,600 of interest on his residence. (Randy borrowed $498,000 to buy his residence, which is currently worth $548,000.) Randy also paid $3,700 of interest on his car loan and $6,000 of margin interest to his stockbroker (investment interest expense). How much of this interest expense can Randy deduct as an itemized deduction under the following circumstances? b. Randy had no investment income this year, and his AGI is $75,000. Interest deductible
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