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.
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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