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! Required information [The following information applies to the questions displayed below.] ...

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Accounting

!
Required information
[The following information applies to the questions displayed below.]
Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel
borrowed $24,000 from County Bank and paid interest of $1,440. Lionel used the loan proceeds to pay his law school
tuition. Calculate the amounts Lionel can deduct for interest on higher-education loans under the following circumstances:
Note: Leave no answer blank. Enter zero if applicable.
c. Lionel's AGI before deducting interest on higher-education loans is $95,000.
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