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TB MC Qu. 06-65 Margaret Lindley poid.. Margaret Lindey paid $15170 of nterest on her $301700 acqson debt for her hone a mark
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Answer #1
Interest on acquisition debt for her home $ 15,170
Margin interest for the purchase of stock $   3,170
Total Deductible Interest $ 18,340

Credit card interest is personal interest. It is not allowed  

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