Required information The following information applies to

Last updated: 3/3/2024

Required information The following information applies to the questions displayed below Lionel is an unmarried law student at State University Law School a qualified educational institution This year Lionel borrowed 32 500 from County Bank and paid interest of 1 950 Lionel used the loan proceeds to pay his law school tuition Calculate the amounts Lionel can deduct for interest on higher education loans under the following circumstances Note Leave no answer blank Enter zero if applicable b Lionel s AGI before deducting interest on higher education loans is 84 000 Interest deduction