Business, 04.10.2019 19:10 ALGEBRAHELP9504

Margaret lindley paid $15,170 of interest on her $301,700 acquisition debt for her home (fair market value of $501,700), $4,170 of interest on her $30,170 home-equity loan, $1,170 of credit card interest, and $3,170 of margin interest for the purchase of stock. assume that margaret lindley has $10,170 of interest income this year and no investment expenses. how much of the interest expense may she deduct this year?

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Margaret lindley paid $15,170 of interest on her $301,700 acquisition debt for her home (fair market...

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