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Which of the following is treated as personal interest of Individual A? A. Interest incurred on an ordinary bank loan if the funds are used
Which of the following is treated as personal interest of Individual A?
A. Interest incurred on an ordinary bank loan if the funds are used to provide medical care for a dependent of A.
B. Interest incurred on a loan to purchase a car used 100% in the business of a proprietorship.
C. Interest incurred to purchase bonds as an investment.
D. Interest incurred on refinancing A's home if the funds are used for a vacation.
E. None of these is treated as personal interest.
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