DaShawn recently took out a loan for $20,000 and used the proceeds to invest 60% in stock that pays dividend income and 40% in municipal bonds which pay interest income. The interest expense generated from the loan is $800. How much may DaShawn deduct for the interest expense paid? Calculate.

Answer rating: 100% (QA)

The amount of investment interest expense DaShawn can deduct depends on a few factors Taxable vs non... View the full answer