a. Identify the different categories of interest expense an individual may incur....

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Accounting

a.
Identify the different categories of interest expense an individual may incur. How is the classification of the interest determined?
b.
Are these different categories of interest deductible? If so, how?
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Part 1
Select the different categories of interest expense an individual may incur, then determine if the interest is deductible. (Complete all input fields.)
(a) Interest categories
(b) Deductibility

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