Required Information The Following Information Applies To The Questions Displayed Below Lionel Is An Unmarried Law St 1 (18.93 KiB) Viewed 9 times
Required Information The Following Information Applies To The Questions Displayed Below Lionel Is An Unmarried Law St 2 (3.84 KiB) Viewed 9 times
Required Information [The following information applies to the questions displayed below.] Lionel is an unmarried law student at State University Law School, a qualified educational Institution. This year Lionel borrowed $26,000 from County Bank and paid Interest of $1,560. Lionel used the loan proceeds to pay his law school tuition. Calculate the amounts Lionel can deduct for Interest on higher-education loans under the following circumstances: (Leave no answer blank. Enter zero if applicable.) a. Lionel's AGI before deducting interest on higher-education loans is $50,000. Interest deduction
b. Lionel's AGI before deducting interest on higher-education loans is $79,000. Interest deduction
c. Lionel's AGI before deducting interest on higher-education loans is $90,000. Interest deduction
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