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Business, 26.11.2019 20:31 rebekahlm

This year, randy paid $29,950 of interest on his residence. (randy borrowed $476,000 to buy his residence, and it is currently worth $526,000.) randy also paid $3,150 of interest on his car loan and $5,175 of margin interest to his stockbroker (investment interest expense). how much of this interest expense can randy deduct as an itemized deduction under the following circumstances?

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This year, randy paid $29,950 of interest on his residence. (randy borrowed $476,000 to buy his resi...

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