Which of the following interest expenses incurred by Juanna is treated as personal interest expense and,therefore,not deductible as an itemized deduction?
A)Interest expense on personal credit cards.
B)Interest on a home mortgage acquired in 2006.
C)Bonds purchased with accrued interest.
D)Interest expense incurred by a partnership in which Juanna is a limited partner.

Question

Quizplus · Accepted Answer

Personal interest expenses, such as those incurred on credit cards, are not deductible as an itemized deduction.

Which of the Following Interest Expenses Incurred by Juanna Is