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Author Question: Leslie, who is single, finished graduate school this year and began repaying her student loan. The ... (Read 55 times)

bobypop

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on: Sep 13, 2020

Question 1

Investment interest expense is deductible
◦ as an offset to net investment income.
◦ as a capital loss.
◦ as an itemized deduction.
◦ as a deduction for AGI.

Question 2

Leslie, who is single, finished graduate school this year and began repaying her student loan. The proceeds of the loan were used to pay her qualified higher education expenses.  She has not received any type of educational assistance or scholarships. The amount of interest paid during the year amounted to $3,800. What is the amount and classification of her student loan interest education deduction if her modified AGI is $40,000?
◦ $2,500 for AGI
◦ $2,500 from AGI
◦ $3,800 for AGI
◦ $3,800 from AGI
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by bobypop on Sep 13, 2020

lauravaras

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bobypop

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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