Russell bought a new car in 2021. He used the car 70% for his job and 30% for personal purposes. He borrowed $30,000 and

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answerhappygod
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Russell bought a new car in 2021. He used the car 70% for his job and 30% for personal purposes. He borrowed $30,000 and

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Russell bought a new car in 2021. He used the car 70% for his
job and 30% for personal purposes. He borrowed $30,000 and paid
interest expense of $1000 on the loan. Simon can deduct $700 of the
interest expense. Select one: True False
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