Thursday
December 18, 2014

Homework Help: tax

Posted by Andy on Wednesday, March 7, 2012 at 2:14pm.

Which of the following interest expenses incurred by Amanda is treated as personal interest expense and, therefore, not deductible as an itemized deduction?
A. Interest expense on personal credit cards
B. Bonds purchased with accrued interest
C. Interest on a home mortgage acquired in 1998
D. Interest incurred by a partnership in which Amanda is a limited partner

i think its D

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Fundamental tax 2012 - trade or business expense are treated as: a. deductible ...
accounting - Is the interest on a note receivables recorded if paid prior to the...
Income Tax - Which of the following is not a "trade or business" expense? A. ...
tax - For 2011, Jorge, a single father, reported the following amounts relating ...
income tax - For 2011, Jorge, a single father, reported the following amounts ...
accounting - in the blank space beside each adjustin entry, enter the letter of ...
accounting - in the blank space beside each adjustin entry, enter the letter of ...
tax - For the deduction of self-employment taxes, which of the following ...
Accounting - Determine the profit margin with the following; Income tax expense...
Accounting - Which of the following is not a "trade or business" expense? A. ...

Search
Members