Amy paid the following interest expense during 2014: What is the amount of Amy's interest deduction for 2014?

Name: Amy paid the following interest expense during 2014: What is the amount of Amy's interest deduction for 2014?
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The amount of Amy's interest deduction for 2014 is $12,300, which is the total interest expense paid ($17,300) minus the personal interest portion ($5,000). Personal interest is not deductible, but the other categories of interest (investment, business, etc.) generally are.

Amy Paid the Following Interest Expense During 2014: What Is