Problem 45 zach attended champion university during 2013β2017. he lived at home and was claimed by his parents as a deduction during his entire education. he incurred education expenses of $10,000 during college of which $2,000 was paid for by scholarships. to finance his education, he borrowed $7,000 through a federal student loan program and borrowed another $3,000 from a local lending institution for educational purposes. after graduation, he married and moved with his spouse to a distant city. in 2018 he incurred $700 of interest on the federal loans and $300 on the lending institution loan. he filed a joint return with his spouse showing modified agi of $128,000. what amount of student loan interest can zach and his spouse deduct in 2018, if any?
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Josie just bought her first fish tank a 36 -gallon glass aquarium, which sheβs been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase
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Problem 45 zach attended champion university during 2013β2017. he lived at home and was claimed by h...
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