Question

Matthew borrows $250,000 to invest in bonds. During 2014, his interest on the loan is $30,000. Matthew’s interest income from the bonds is $10,000. This is Matthew’s only investment income.
a. Calculate Matthew’s itemized deduction for investment interest expense for this year.
$ ___________
b. Is Matthew entitled to a deduction in future years?
Explain ____________________________________________________________________________________________________________________________________________________________


$1.99
Sales4
Views138
Comments0
  • CreatedJuly 16, 2015
  • Files Included
Post your question
5000