TaxGuyBill
Level 15
02-27-2020
03:11 PM
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Think of it logically.
If the average balance of the Acquisition debt is $80,000 and the debt for purchasing a car is $20,000, you are paying interest on $100,000. How is paying interest on $100,000 non-deductible when there is only $20,000 of non-qualified debt?
If you re-read the instructions and fill things out in the instructions, it should make sense.