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Business, 11.12.2019 02:31 pepehammu

This year, randy paid $30,400 of interest on his residence. (randy borrowed $482,000 to buy his residence, and it is currently worth $532,000.) randy also paid $3,300 of interest on his car loan and $5,400 of margin interest to his stockbroker (investment interest expense). how much of this interest expense can randy deduct as an itemized deduction under the following circumstances?

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This year, randy paid $30,400 of interest on his residence. (randy borrowed $482,000 to buy his resi...
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