Question: Tammy borrowed $ 2 0 , 0 0 0 to purchase cryptocurrency as an investment in 2 0 2 3 and paid $ 1 ,

Tammy borrowed $20,000 to purchase cryptocurrency as an investment in 2023 and paid $1,500 interest on that $20,000. Tammy reported no income from her cryptocurrency investment. How much of that $1,500 interest can Tammy deduct on her 2023 Schedule A?

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