116.) Tammy borrowed $20,000 to purchase cryptocurrency as an investment in 2021 and paid $1,500...
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Accounting
116.) Tammy borrowed $20,000 to purchase cryptocurrency as an investment in 2021 and paid $1,500 interest on that $20,000. Tammy reported no income from her cryptocurrency investment. How much of that $1,500 interest can Tammy deduct on her 2021 Schedule A?
A) 0
B) $500
C) 750%
D) $1,500
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