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work Saved George recently received a great stock tip from his friend, Mason. George didn't have any cash on take out a $33,000 loan to
work Saved George recently received a great stock tip from his friend, Mason. George didn't have any cash on take out a $33,000 loan to facilitate the stock acquisition. The loan terms are 8 percent interest wi year for five years. At the end of the five-year period the entire loan principal is due. When George he decided to invest $19,800 in stock and to use the remaining $13,200 to purchase a four-wheel how he will treat the interest paid on the $33,000 loan. In 2019, George paid $1,980 interest expen WWW.rs.gov, and consider IRS Publication 550.) EEEE What amount may he deduct as interest in 2019? Deductible interest
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