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Business, 26.10.2021 05:50 donttrip18

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: (Leave no answer blank. Enter zero if applicable.) Problem 6-31 Part-a (Static) a. Lionel's AGI before deducting interest on higher-education loans is $50,000.

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Lionel is an unmarried law student at State University Law School, a qualified educational instituti...

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