Deduction in future years


Matthew borrows 250,000 to invest ibn bonds. during 2012, his interest on the loan is 30,000. his interest income from the bonds is 10,000. this is his only investment income.

Calculate matthewstemized deduction for investment interest for this year is matthew entitled to a deduction in future years.

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Accounting Basics: Deduction in future years
Reference No:- TGS045463

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