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Author Question: Emeril borrows $340,000 to finance taxable and tax-exempt investments. He incurs $18,000 investment ... (Read 91 times)

JMatthes

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Emeril borrows $340,000 to finance taxable and tax-exempt investments. He incurs $18,000 investment interest expense, allocated equally between the taxable and tax-exempt investments. Ignore any possible investment interest expense limitation. How much of the interest expense is deductible, and where is it deductible?
◦ $18,000 for AGI
◦ $18,000 from AGI
◦ $9,000 for AGI
◦ $9,000 from AGI


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Marked as best answer by JMatthes on Sep 13, 2020

djofnc

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JMatthes

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


lcapri7

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Reply 3 on: Yesterday
Gracias!

 

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