Danielle paid $11,000 of interest on a $400,000 mortgage on…
Danielle paid $11,000 of interest on a $400,000 mortgage on her home, $1,000 of interest on a $30,000 loan obtained to purchase a car for personal use, and $2,000 of interest on a personal credit card. How much of the interest expense may she deduct as an itemized deduction?
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