Which of the following interest expense amounts is not deductible in 2019? a.Education loan interest...
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Accounting
Which of the following interest expense amounts is not deductible in 2019?
a.Education loan interest of $2,000, assuming the taxpayer is single and has income of $150,000.
b.Points of $2,000 paid on a mortgage loan for the purchase of a new principal residence.
c.Investment interest expense of $10,000, assuming the taxpayer has $15,000 of net investment income.
d.Home equity loan interest of $9,000 on a loan of $100,000, the proceeds of which were used to purchase an addition to the taxpayer's primary residence.
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