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Required information The following information applies to the questions displayed below.] Lionel is an unmarried law student
Required information (The following information applies to the questions displayed below.) This year Jack intends to file a m
Required information The following information applies to the questions displayed below.] This year Jack intends to file a ma
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Answer #1

c. Answer:- Deductible Interest Expenses = $0

Computation:-Lionel Modified AGI = AGI - Interest = $90,000 - $1,560 = $88,440

In 2019, the deduction will be unavailable to you if your modified AGI is higher than $85,000 for Single. So, Lionel is also not allowed to deduct any qualified education expenses because his modified AGI exceeds $85,000.

& All Calculations are dome as bez 2019 al Calculation Techs AGI * Jalaxy & Guess Income $ 180,600 Less: Alimony (33000) Mov

As per 2019 Phase out limit for Student loan begins with $140,000 and Phase out Ends with $170,000 of Modified AGI for Married filing jointly.

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