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Posted by 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

  • tax - , Wednesday, March 7, 2012 at 2:18pm

    B. How can one deduct accrued interest that will be paid back to you at the next distribution?

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