Repayment of the debt, When both borrowed an owned funds

Repayment of the debt

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Reference no: EM13121738

When both borrowed an owned funds are mingled int he same account for purposes of categorizing interest expense a repayment of the debt is allocated first to?

a. personal expenditure

b. passive activity expenditures in real estates

c. investment expenditures

d. trade or business expenditures

Reference no: EM13121738

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