Why is interest expense disallowed if it is incurred to purchase or hold tax-exempt obligations?
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Why is interest expense disallowed if it is incurred to purchase or hold tax-exempt obligations?
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The interest is disallowed as a deduction because the taxpayer would realize a double tax bene...View the full answer
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Hassan Imtiaz
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Related Book For 
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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