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Unformatted text preview: deductible expense. This is no longer true (today, the only interest deduction allowed on personal income tax returns is home mortgage interest). Thus, today, you would pay taxes on any investment interest income, but receive no offsetting tax deduction on your loan interest payments. 3) How would this change in the tax code affect your answer to question 2) today?...
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This note was uploaded on 10/02/2009 for the course UGBA 08547 taught by Professor Odean during the Fall '09 term at Berkeley.
- Fall '09