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Tyrone and Akira, who are married, incurred and paid the following amounts of interest during 2021: Required: With 2021 net investment income of $1,275, calculate
Tyrone and Akira, who are married, incurred and paid the following amounts of interest during 2021: Required: With 2021 net investment income of $1,275, calculate the amount of their allowable deduction for investment interest expense and their total deduction for allowable interest. Home acquisition principal and the home equity loan principal combined are less than $750.000
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